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Level 2
June 3, 2019
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My 1099-B does not have a "Box 2". How should I respond to this in Turbo Tax?

  • June 3, 2019
  • 1 reply
  • 3 views
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Best answer by KiaraE

Generally, if box 2 is empty, then the Date acquired and Basis are unknown. In that case, when entering the data in TurboTax, for Sale category, select Box D (long term noncovered). Regulations  requiring brokerage firms to report the purchase price changed in 2011, so these would all be long-term transactions.

1 reply

KiaraEAnswer
Level 7
June 3, 2019

Generally, if box 2 is empty, then the Date acquired and Basis are unknown. In that case, when entering the data in TurboTax, for Sale category, select Box D (long term noncovered). Regulations  requiring brokerage firms to report the purchase price changed in 2011, so these would all be long-term transactions.