AJ101
Returning Member

Investors & landlords

Hi @RLKalman - after being on hold for what felt like hours, I was finally able to get hold of a specialist on the phone at Turbo Tax. After describing the situation, which she was able to quickly grasp thankfully, she acknowledged that this was indeed a glitch on TurboTax and that it was going to be fixed for 2023, but not for 2022. So she suggested to mark the Box E transactions as a Box D transaction and enter the accurate cost-basis and file it. This definitely solves the problem, but also increases the audit risk. The specialist was of the view that this is not a significant audit risk and that if an audit does happen that I should contact TurboTax.

 

So as far as I am concerned, this is a very good resolution for me.

 

Having said that, each case has different details - so I hope you contact customer support as well (if you haven't already) to get this resolved.

 

Best,

AJ