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Tax basis

My apologies if this has been discussed before, but I couldn't find anything.

  1. Can anyone offer suggestions on the treatment of basis reduction due to a loss in a master limited partnership? 2. How do people handle basis increase due to the dis-allowance of wash sales?

(Yes, it's been a lousy year...)

Return of capital transactions appears to be the only way, but that doesn't really seem right...

I'm using Quicken H&B 2013. Many thanks.

Reply to
Frank Kirk
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Way beyond my pay grade :-) but you might also consider asking this question on the TurboTax community forum that Intuit maintains. They have a sharp group of folks who know their stuff there.

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(and I did my taxes this weekend and you're right, 2022 sucked.)

Reply to
Andrew

I too have no expertise in this area.

But here is a discussion in the Quicken Community which appears to address the issue.

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Reply to
John Pollard

Many thanks. Will check out the suggestions.

Reply to
Frank Kirk

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