Yes, you can adjust the basis in TurboTax for sales of stocks, etc. While I cannot state whether what you propose is correct or not as I do not have access to your 1099-B, follow these steps to adjust the basis of your sales if you believe them to be accurate:
- On the Wages and Income link, scroll to "Investments and savings", click Edit/add
- Locate the sales item you wish to correct, click on the down arrow, and then "Edit"
- Click on the pencil icon to edit the transaction
- Now it will show the sales item that you need to edit. There is a box at the bottom under your cost basis that says I need to adjust my cost basis. Put a checkmark in the box.
- Enter the amount of adjustment you need and then choose from the options given. Based on your statement I would suggest putting a checkmark in Box B for the cost basis is incorrect on the form then click continue.
- You will return to your item summary. Repeat the above process for each item you believe needs adjustment.
This is a common procedure and does not normally red flag you for attention by the Internal Revenue Service.
@mrbojanglezs
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