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Business & farm
@Sue45 Yes -- Cumulative adjustments to basis are allocated proportionally to the shares you sell, so if you didn't do a complete sale some of those adjustments won't be applied until future years.
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**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 23, 2023
3:18 PM
2,125 Views