Investors & landlords

suggestion-

 

File form 4868 request extension of time to figure this out.

you still have to pay tax due now.

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-- if the ordinary income amount is shown on Schedule B  Form 4797 Part II Line 10,then enter cost  as needed to reduce the gain on Form 8949 with no adjustment

If it's not there, enter it manually

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you need a code for Col F if you want an adjustment in Col G

do you know what code you need?

TurboTax won't allow all the codes, Code B is a special case.

you have to go through step-by-step to find "more info" or "special Cases"

that allow you to do this

Code "O" Other would be a choice, but I'm not sure TurboTax allows that one.

 

@Fezziwig