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URL:  https://boards.fool.com/thanks-phil-and-loopholes-yes-i-knew-about-the-29533991.aspx

Subject:  Re: new 1099 issued... Date:  9/11/2011  2:22 AM
Author:  1poorguy Number:  113940 of 128109

Thanks Phil and loopholes.

Yes, I knew about the reduction in basis. I will have to review my sales.

Yes, I knew it was amending the returns. Sloppy terminology on my part.

From a mechanical standpoint, can I amend both returns with TT2010, or do I have to load up TT2009 to amend that one (i.e. will 2010 read the 2009 tax file and allow me to produce the 1040X for it?). I got a new computer last fall, so 2009 is not loaded (or updated).

I did receive new 1099s, and the only difference is that box 3 has the return of assets value in it, and the dividend is reduced by that amount. Seems like that would be a fairly trivial amendment to make. The bigger problem will be the basis reduction because I did sell a portion of the stock, but NOT all of it. Not even most of it, actually.

1poorguy
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