Investors & landlords

torchill

 

Have you resolved your issue, yet?  Sometimes, when using software for a number of years, or when we feel confident, we dismiss or do not read the flow of questions that are asked of us. 

Here are a couple of things I did not see addressed in my cursory glance over comments.  First, online software needs to be up to date, to properly calculate and reflect any software updates that may have occurred.  If you are using turbotax online, these updates occur each time you sign out /sign back in, to your account.  For turbotax desktop, you will need to save your file and accept updates.  Make sure you do this prior to filing your returns.  We have seen a lot of tax legislation changes over the past few years, making this more critical.  Secondly, you will need to make sure you clear your cache and cookies (check online how to do this for apple products, but for PC it is CTRL+SHIFT+DELETE and clear for all time).  This should help clear the "cobwebs" from your web searches.

If you are having trouble having your stock properly reflect the cost basis, you can make an adjustment if your basis reported as ordinary income is not reported on your 1099-B tax form.