M-MTax
Level 12

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@Mike9241 wrote:

@M-MTax that won't work. the $55K will likely be on schedule D and treated as long-term capital gain while the deduction on schedule 1 would be treated as ordinary loss......


Yes, well wherever the adjustment needs to be made it should be done that way if a corrected 1099-S can't be obtained.....whether an 8949 or whatever.