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Re: BullNBear52 post# 6065

Monday, 03/27/2023 8:45:22 AM

Monday, March 27, 2023 8:45:22 AM

Post# of 6321
lol hey crypto has been doing good lately. One problem with some of those funds - for some reason they re-report cost basis. Two years in a row this has happened to me. I get my 1099 from Etrade and then like two weeks ago I get amended 1099. All the numbers on the summary are the same but if you go to the last page of the 1099 there is an adjusted cost basis for certain funds. And it's always a very small amount of like -20 or -50. But you have to report adjustments to investment sales and subtract (or I guess add if it is a positive number) from the reported amount of the cost basis on an entirely different line. It falls under (NMWHFIT) or Non-mortgage widely held fixed investment trusts. This year I got one because I had traded Grayscale Bitcoin.
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