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Deductions & credits
An additional question - since TurboTax asks me to enter FMV and the Net Proceeds value - is it better to adjust the cost basis with all my commissions, expenses and improvements? Or should I add the improvements only to the FMV and deduct the expenses and commissions from the Net Proceeds. Since I was given a 1099-S should my net proceeds match what is on that form?
‎February 3, 2020
12:00 PM