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Get your taxes done using TurboTax
Use your adjusted cost basis. The original purchase price was the starting point. But your cost basis is adjusted for income allocations, distributions, and other transactions since you purchased the investment. It's not unusual for your cost basis to go down if 1) the company didn't report a profit every year or 2) you received cash or property distributions in any year.
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March 24, 2024
12:26 PM