TeresaM
Expert Alumni

Investors & landlords

Yes, you should calculate and report the correct basis.  When you enter your Form 1099-B, enter is as written but be sure to check the box for The cost basis is incorrect or missing on my 1099‑B.



Then, in a few screens, select I know my cost basis and need to make an adjustment and report the correct basis.

 

@bretdnixon

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