@naviator2003 Odd. When I go through the interview, there's a screen that says "Tell us about your xxx 1099-B" (I have one from my broker, that includes many individual transactions). Select "I'll enter one sale at a time".
The next screen, "Any of these less common items..." is left blank.
"no" to sale of employee stock
Then you get to "Select any less common adjustments that apply". There's an entry for "The cost basis on my statement is incorrect". Check that box, and a box appears for "Corrected cost basis" where the correct one gets placed.
Regardless of how you get there, in your completed tax return the 8949 should show the transaction with a code "B" in column F, and a 0 in column G. That's the correct way to show the correction when the broker sends through a 1099-B coded B/E (cost not reported to the IRS).
**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
