You do need to enter the investment sales that have letter codes listed on your form 1099-B. By adjustments to gain or loss, it means you can adjust the cost basis reported on your form 1099-B if necessary. Often, the cost basis will not be reported on your form 1099-B or it will be incorrect, so you can enter an adjustment to correct the amount entered from your 1099 form.
If you report each investment sale separately, then you don't need to send copies of the broker statement. You only do that when you report the sales in summary form on your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
