@nexchap I suppose what I’m trying to ask is, are all these adjustments to the cost basis already included in the “cumulative adjustments to basis” column in the sales schedule, or are they additional? The procedure you recommend is to adjust the cost basis on the 1099 to account for all non-ordinary gain, so I’m just trying to avoid any double-counting while doing that. When you declare your capital gain, and also enter the various amounts in the boxes that affect your basis, what does Turbotax do with that other information? Will it figure the tax twice? It appears none of the gain on this sale is ordinary, so that at least simplifies things a little.
I think I just need to know if I should still enter everything in Part III just as it appears, or if the approach you recommend in this thread implies overriding some of the info in those boxes. Does that make sense? Thanks again, again.
