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jetoc1-
New Member

How do I include cost basis if 1099 -B has a note that says "loss based on above amount is not allowed".

 
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CarolynM
Level 1

How do I include cost basis if 1099 -B has a note that says "loss based on above amount is not allowed".

Alter the cost basis to be the same as the proceeds, which will remove the loss without showing income.

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1 Reply
CarolynM
Level 1

How do I include cost basis if 1099 -B has a note that says "loss based on above amount is not allowed".

Alter the cost basis to be the same as the proceeds, which will remove the loss without showing income.

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