JohnB5677
Expert Alumni

Retirement tax questions

If you have a number that is $10,000,000 or greater.  The workaround is to split the amount.

 

Example:  You have a $18,000,000 sale, and your cost basis is $12,000,000.

 

Split this entry into two parts.  Enter $9,000,000 for the sale twice, and $6,000,000 for the cost basis twice.

 

This works for the IRS because they are only concerned with matching the total.

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