- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Zero cost basis transactions are flagged by the TurboTax system because they're weird. "I sold a thing I didn't have to pay for" is a little weird. So it flags them. You have to go through each one and say the basis is ok. It's a little annoying. But it's sensible precaution.
Once you've gone through each transaction and said it was ok, though, then you should be fine. The same transaction won't pop up a second time.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 28, 2023
1:26 PM