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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1 Best answer

Level 1

Jun 6, 2019 8:05:36 AM

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

Level 1

Jun 6, 2019 8:05:36 AM

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