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Business & farm
Hi Patricia,
Thanks, this was very helpful.
The broker statement only showed the total capital gain distributions (it didn't show gross sales and cost basis), so I fudged the gross sales price and cost basis (lines 20 and 21), so that the difference netted out to zero. If it doesn't net out to zero, then it changes the Net section 1231 gain number on line 10 of schedule K. Do you think that is acceptable?
If I do that, I am seeing the correct number appearing on schedule K, line 9c, so I assume that is the important thing.
Thanks,
Bob
March 1, 2023
1:31 PM