- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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)."
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)."
‎June 4, 2019
10:34 PM
7,129 Views