topic I reduced my cost basis by the amount of my market discount. turbo says it would help me fix instead of making change in 1099. how they help? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/i-reduced-my-cost-basis-by-the-amount-of-my-market-discount-turbo-says-it-would-help-me-fix-instead/01/3811003#M1417551 should I just ignore turbo and leave the change in bond sale I made in cost basis? Mon, 02 Mar 2026 03:25:56 GMT dchanwua 2026-03-02T03:25:56Z I reduced my cost basis by the amount of my market discount. turbo says it would help me fix instead of making change in 1099. how they help? https://ttlc.intuit.com/community/taxes/discussion/i-reduced-my-cost-basis-by-the-amount-of-my-market-discount-turbo-says-it-would-help-me-fix-instead/01/3811003#M1417551 should I just ignore turbo and leave the change in bond sale I made in cost basis? Mon, 02 Mar 2026 03:25:56 GMT https://ttlc.intuit.com/community/taxes/discussion/i-reduced-my-cost-basis-by-the-amount-of-my-market-discount-turbo-says-it-would-help-me-fix-instead/01/3811003#M1417551 dchanwua 2026-03-02T03:25:56Z Re: I reduced my cost basis by the amount of my market discount. turbo says it would help me fix instead of making change in 1099. how they help? https://ttlc.intuit.com/community/taxes/discussion/re-i-reduced-my-cost-basis-by-the-amount-of-my-market-discount-turbo-says-it-would-help-me-fix/01/3811165#M1417618 <P>what sort of bond is it - what was reported on your 1099B and why are you changing it? &nbsp;your broker should already take AMD into account and may adjust cost basis for OID, de-minimus rules etc.</P> Mon, 02 Mar 2026 12:18:06 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-reduced-my-cost-basis-by-the-amount-of-my-market-discount-turbo-says-it-would-help-me-fix/01/3811165#M1417618 baldietax 2026-03-02T12:18:06Z Re: I reduced my cost basis by the amount of my market discount. turbo says it would help me fix ... https://ttlc.intuit.com/community/taxes/discussion/re-i-reduced-my-cost-basis-by-the-amount-of-my-market-discount-turbo-says-it-would-help-me-fix/01/3812429#M1418085 <P>If you know what the correct cost basis is, then you can enter it. There is an option to allow TurboTax to help you determine the cost basis, but it is just an option.&nbsp;</P> Mon, 02 Mar 2026 20:45:43 GMT https://ttlc.intuit.com/community/taxes/discussion/re-i-reduced-my-cost-basis-by-the-amount-of-my-market-discount-turbo-says-it-would-help-me-fix/01/3812429#M1418085 ThomasM125 2026-03-02T20:45:43Z