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posted Apr 4, 2021 11:36:24 AM

As per a K-1, I changed the cost basis of two securities. For one of those securities, TT correctly calculates the adjustment, for the other one, it doesn't. Help!

The "proceeds" doesn't change, it was 5.00.  But the cost basis changed from 13.00 to 2.00.  So, on the main page for the security, I clicked "there's an error in the basis."  This prompted TT to a page where I enter the correct cost basis.  I did this twice, once for each security.  For one of them, TT calculated the correct adjustment

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1 Replies
Employee Tax Expert
Apr 10, 2021 11:39:36 AM

Can you clarify exactly what your question is?  

 

Does your Schedule K-1 reflect stock sales?  Or did you receive a Form 1099-B to report your stock sales?

 

Reporting K-1 information

 

Reporting 1099-B information

 

Please clarify so we can assist you.