Investors & landlords

  • Once that's out of the way, all that remains is setting the basis to the right number on the 1099-B.  Since basis probably wasn't reported to the IRS, you can just change it without using codes or adjustments.

@nexchap 

Not correct. 

If you change the basis shown for Box B or E transactions, you enter Code "B" on Form 8949 and "-0-" in column (g).