Re: Tax basis

On Monday, March 13, 2023 at 12:04:02 PM UTC-5, Frank Kirk wrote:

> 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.

I too have no expertise in this area.  

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

https://community.quicken.com/discussion/7887205/wash-sales