@WendyN2 So when I make the cost basis adjustment in turbo tax, I have to do the math myself in the adjustment cost basis. For example, if the proceeds (1D) are 30K and the cost basis (1E) is $31,000 then I adjust the cost basis 50/50 with my brother since this is a loss. The total loss for both of us is $1000, so I divide by 2 = $500. And I adjust in TT the cost basis to $30,500 which allows me to report $500 loss and he will have to do the same. Did I understand that correctly? If so there isn't a place in TT to say this was a 50/50 split with my brother. :(
Thanks
Patricio
