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If I reported the cost basis of a stock sale as $71 instead of $90, will that cause my refund to potentially go down or up?

 
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JohnW15
Intuit Alumni

If I reported the cost basis of a stock sale as $71 instead of $90, will that cause my refund to potentially go down or up?

If you reported a cost basis that was too low, then your reported gain would be higher than it should be, potentially decreasing your refund amount. 

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