msindc1
Level 5
04-17-2023
12:38 PM
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Folks:
Client's 1099-B reports proceeds ($10,000) and cost ($10,000). But at the end it also reports realized gain or loss reiterating the proceeds numbers but stating $10,890.50 for cost basis and $10,000 for Adjusted.
I'm confused--which number do I use? What is this telling me?
M.
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Strongsilence-C
Level 10
04-17-2023
05:19 PM
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@sjrcpa Asking here since you could be lurking. Thanks for your time.
In screen 11 (code 37) is an input for "Amortizable bond premium for tax-exempt bonds". In contrast, the instruction from using F1 says to "enter amounts only attributable to taxable interest only." Do you see a way to reconcile these 2 things?
Strongsilence-C
Level 10
04-17-2023
06:08 PM
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I figured it out. No response necessary.
