nes1209
New Member

Investors & landlords

Column (g) should not record the amount of basis adjustment in this scenario as per IRS instructions. This is because Part I box B indicates that the broker did *not* report the cost basis to IRS.

2016 Form 8849 instructions page 7: "If this transaction is reported on a Part I with box B checked at the top or if this transaction is reported on a Part II with box E checked at the top, enter the correct basis in column (e), and enter -0- in column (g)."