pcrubingercpa
Level 3
03-01-2021
08:31 AM
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When cost basis is incorrect on a 1099-B, and a basis adjustment has to be entered on the 1099B worksheet, the adjustment amount flows over to the 6251 worksheet and to line 2k of the 6251. Why is that? It's being treated as a tax preference item when in many cases it is not, and may result in an AMT calculation erroneously.
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