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June 6, 2019
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How do I include cost basis if 1099 -B has a note that says "loss based on above amount is not allowed".

  • June 6, 2019
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Best answer by CarolynM

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

1 reply

CarolynMAnswer
Employee
June 6, 2019

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