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How to Adjust an incorrectly downloaded Stock Basis - TurboTax 2024

I am not seeing an option to Adjust a Stock Basis (inherited stock) on a stock incorrectly downloaded from my Brokerage. 

In the past (last year) there was an "inherited" option to check somewhere in editing your stock transaction.  You just clicked on "inherited" - and then it let you change the Date Acquired and a New Basis.  I don't see anything like that now.

 

I can easily locate the stock and click on Edit, but it just brings up the information downloaded for the stock.  Do I just start modifying things there - and is TurboTax at that point smart enough to modify f, g, h columns on the 8949 correctly.  Why isn't this a straight-forward option in TurboTax.

 

Just looking for the CORRECT way to accomplish this.

 

ron in shawnee 

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1 Best answer

Accepted Solutions

How to Adjust an incorrectly downloaded Stock Basis - TurboTax 2024

OK - SORRY - PROBLEM SOLVED - BUT AN EARLIER REPLY ACKNOWLEDGING SUCH IS MISSING

 

Can I not reply to my own post.  I will keep this short since it may not work since my Reply about the "missing option" for adjusting a stock basis had some problems - but figured it out after reloading TurboTax.

 

ron in shawnee

View solution in original post

1 Reply

How to Adjust an incorrectly downloaded Stock Basis - TurboTax 2024

OK - SORRY - PROBLEM SOLVED - BUT AN EARLIER REPLY ACKNOWLEDGING SUCH IS MISSING

 

Can I not reply to my own post.  I will keep this short since it may not work since my Reply about the "missing option" for adjusting a stock basis had some problems - but figured it out after reloading TurboTax.

 

ron in shawnee

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