You're welcome. I don't think you can report an incorrect basis. Whether or not helps you is not the issue. You are signing the return saying it is accurate. If you know it is not accurate that is filing a false return.There is some debate about whether or not one is required to take a deduction and there have been some tricky court cases about basis overstatements, but I wouldn't suggest knowingly reporting a false number.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
