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Get your taxes done using TurboTax
yes as presented basis is $18K
not every k-1 has business interest income so in those cases 20AF is blank
the type of sale is probably an E - long-term basis not reported to the IRS - so it has no way to determine if the number is right or wrong. This is true for every taxpayer that sells a security where the tax basis is not reported to the IRS. I have had them in multiple years and have never gotten an IRS inquiry. You shouldn't either. at least not for this.
‎October 10, 2025
7:26 PM
5,903 Views