- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
You ALWAYS enter the correct cost basis for the sale of any security. Leaving it blank would, initially, tax you on the full amount of proceeds, a gain, so entering an amount in Box 1g for a wash sale loss wouldn't make any sense, (don't know if TurboTax would catch that), and if anything would increase your gain beyond the full proceeds.
‎June 11, 2019
9:22 AM