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templeone05
Returning Member

8824 part IV stock sales

I sold stock to avoid conflict of interest. I received a certificate of divestiture from the Office of Government Ethics for these stocks. I already filled in section IV of 8824 in TurboTax. 

 

After importing stock sales into TurboTax I am seeing that the capital gains on my stock sales are increasing the tax I owe. I somehow need to adjust the cost basis for the stocks I mention in paragraph 1.

 

Example:  I was forced to sale 100 shares of Amazon.com, for which I realized a $1000 short term gain. I can fill out part IV of 8824 form but after importing stock sale activity from my brokerage I still see the $1000 gain for Amazon.com reported in my 1099-B worksheet. 

 

How do I fix this?

 

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