Accountant-Man
Level 13
03-14-2023
07:33 PM
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In Pro Series, use k1 additional info page to show sale and ordinary income. You check box for sale, enter basis and proceeds and ordinary amount.
If it was reported on 1099B, the basis on 1099B will probably be the cost, but not the basis at sale. This must be adjusted out to zero so the k1 additional info page is used.
** I'm still a champion... of the world! Even without The Lounge.