Investors & landlords

Yes on the first part (100 for Ordinary Gain, -100 for Partnership Basis).

 

And what you imported from the brokerage should have been either code B or E -- revenue reported to the IRS, but cost NOT reported to the IRS.  It's coded that way because the brokerage can't track your "cost"/basis.  And they also don't know how much ordinary income you're going to get, so can't adjust for that either.  So when you go through the 1099-B interview, there will be a spot where you can check a box for "The cost reported on my 1099-B is wrong" (or words to that effect), and TT will prompt you to enter the correct cost.

 

Bottom line, this isn't as automatic as people would like.  To be really safe, you have to work out what the correct Cap Gain/Loss is, by hand, in advance.  Then when you're done with the entries, verify that that's what made it to your return.

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**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!