Hi Everyone, I have a Turbo Tax question here, and I was hoping someone could help... I imported my Scottrade data into Turbo Tax Premier, however I'm having a little trouble deciding how to handle the following scenario:
4/24/07 Purchased XYZ - 9600 shares: $296.44 4/25/07 Sold XYZ - 9000 shares: $619.84 5/1/07 Purchased XYZ - 6800 shares: $553.72 then a reverse split occurred (new symbol ABC and left w/ 185 shares) 6/21/07 Sold ABC - 185 shares: $112.64
total loss: <$117.68>
Unfortunately, the data imported from Scottrade shows the 2 different symbol numbers and sell profits from each. Can I just manually adjust one of the 2 investment entries to show the $117.68 loss and delete the other investment entry completely? What is the proper way to handle this is Turbo Tax Premier?
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