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Level 2
posted Mar 22, 2021 12:48:37 PM

New way to make basis changes to stock sales

I need to change the basis of some stock sales for Public Partnerships shown on K1.  In prior years a change to basis was quite simple.  Now it seems there is a capital gain adjustment worksheet.  It does not appear that TT covers that in the interview.  Is that correct or have I missed something?  Ill have to check IRA instutions then

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1 Replies
Level 15
Mar 22, 2021 5:38:18 PM

when you EDIT/UPDATE 1099-B, TurboTax should ask you if you have any odd situations, such as, incorrect basis.