- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
@dpreas2017 You adjust the 1099-B using the Sales Schedule. Assuming your Sales Schedule reports "Cost Basis" and "Gain Subject to Recapture" (Ordinary Gain) your cost on the 1099-B would be the sum of those two entries.
Note that "Cost Basis" is just the total of what you paid for the stock plus "Cumulative Adjustments to Basis".
**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!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
March 12, 2023
5:50 PM