No, your basis could be zero if you distributed assets or had sufficient losses. You may wish to review the calculations on Form 7203 Line 1 - 15 and identify the adjustments that were made.
Refer to the IRS instructions for help in completing this form.
Completing Form 7203 is a complex and tedious process, and you may consider upgrading to TurboTax Live. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.
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