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Get your taxes done using TurboTax
Don't delete lots on the 1099-B: the IRS gets a copy of the some or all of that information and may question the mismatch. You can allocate the adjustment in any way that makes sense, given that all the lots are the same holding period: it won't change your taxes.
As for regular vs AMT, you'd use the regular info from the Sales Schedule. But if you have to pay AMT (and TT takes you into that interview), you'd have to make adjustments using that extra information.
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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 13, 2024
5:27 PM