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Get your taxes done using TurboTax
I need to use "Amount of adjustment" as negative number to reduce the "proceeds". the amount is what I already paid tax with ordinary income. I also filed tax with turbo tax last year. I can see the "amount of adjustment" for my last year's report. I don't know where to put the "amount of adjustment" when I fill my 1099b this year.. My W2 do show the ordinary income paid.
I have two options:
1. manually enter smaller proceeds amount
2. increase my cost basis
But I think both are not clear. It should be amount of adjustment as negative. right?
Thanks.
‎February 24, 2021
11:12 PM