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Investors & landlords
Yes my 1099-B reports sales proceeds as other than zero, and for multiple investments, not just for the two PTP's that are final. That is why I was thinking that I needed to adjust the basis and report the sale information as I mentioned before as 0.
I believe that I have figured the adjusted cost basis correctly? I put the sales proceeds and the original purchase amounts from my 1099-B into the sales schedule. Since the cumulative adjustment is a negative, I deducted that from the original purchase price to get the adjusted cost basis. Is that correct?
‎July 15, 2020
3:18 PM