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Investors & landlords
there is no contradiction,
adding the dividend to the basis is not the same as taking a deduction on Schedule A,
although the effect may be the same.
In other words,
If you cannot itemize, add the dividend to the basis.
You would have to adjust your basis yourself on Form 8949 (code B) since the broker won't know what you did.
A short is always a short term capital gain or loss.
‎April 23, 2023
8:15 PM