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Tax law changes
To assure your cost basis is calculated correctly, go thru the steps of mentioned, looking at each years K-1, adding and subtracting each item. Often this total will equal sales price, but not always. That is why often those who are unsure they understand how to make the cost basis adjustments for each year correctly, use the sales proceed number as an alternative. In your situation, they most likely are the same.
‎October 2, 2022
6:14 PM