Deductions & credits

Your basis starts at your initial cost, but can then go up or down depending on the PTP's financials.  Generally, your adjusted basis is going to be the sum of your purchase cost plus whatever the adjustments are on the Sales Schedule.  So in your case, your basis would drop by 576.

You can verify this by double-checking the specific instructions on your Sales Schedule.  There's probably language there that specifically states whether to add or subtract the value they provide.

**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!