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Business & farm
Now I understand the cumulative adjustments to basis better. Even I didn’t sell the shares last year, but there was gain value, and I had to pay tax for that. So, that $180 actually is gain adjustment because I paid tax last year already. So now I suppose just owe tax for the part that I never had paid tax before.
Now, I just need to adjust my 1099B, right? I finished input my K-1 in TT, didn’t ask me about sale price or purchase price.
by the way, thank you so much for the reply! I read all your reply and learned so a lot! You definitely save my day, THANK YOU!
March 23, 2023
12:56 PM