Question please: Adjusted or "Corrected" Cost Basis

[tphtph]

My eTrade 1099-B has a Cost Basis columns and also the Adjusted Cost Basis.

On TurboTax 2020 Deluxe, I think I found the right area to enter my Adjusted Cost Basis, but it reads "Corrected Cost Basis."  ( I had first checked the box that said my cost basis is incorrect, and then it asked me for the corrected number)

Is this the same thing?    Does TT call it "Corrected" and eTrade just uses different terminology "Adjusted?"

[Mike9241]

adjusted should = corrected. the way to tell is after entering make sure the net gain/loss on schedule D agrees with the 1099-B

[fanfare]

the "correct basis", when entered by you, should result in an "adjustment" amount to go on Form 8949, resulting in the correct gain or loss.

The two are not the same.

After this, obviously the tax form Schedule D will not agree with the 1099-B.

If the broker supplies an adjustment, it is most likely for a wash sale.

[tphtph]

Thank you, but then I must be missing something.   I see where Turbo Tax asks me to enter my corrected cost basis, but my eTrade 1099B does not supply me with that corrected cost basis.   It only gives me adjusted cost basis.

So how do I know what my corrected cost basis is so I can correctly enter it in TT?   Sorry, I am a total amateur at this and my employer handles all this stock benefit stuff for me so I never go the hang of it.

Thanks!