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Investors & landlords
If you show the changes to the cost basis as and "adjustment" to the cost basis, that will be telling the IRS that the cost basis reported on the 1099-B is not correct. The IRS frequently doesn't know the cost basis of assets sold. To a great extent, we are still on the "honor system" when it comes to tax reporting.
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March 19, 2020
1:50 PM