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Retirement tax questions
Nope. Don't need to do that. You can still do the summary totals and make an adjustment for that one entry that shows in a Box E. Here is how.
- Open or continue your return (if it's not already open) and search for stock sales.
- Select the Jump to link in the search results.
- Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?.
- If you land on Your investment sales summary, select Add more sales.
- On the OK, what type of investments did you sell? screen, select Stocks, Bonds, Mutual Funds, then Continue.
- When asked how you want to enter your 1099-B, select I'll type it myself.
- Answer the questions until you can select Enter sales section totals rather than entering sales one at a time.
- When you begin entering summary totals, you will reach a screen that says sales section totals. then you will check a box that says I need to adjust my total cost basis
- Here you will put the amount that is in Box 1G and the adjustment code that follows. Here is what the screen looks like.
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‎April 11, 2021
2:54 PM