JamesG1
Expert Alumni

Get your taxes done using TurboTax

Did you receive an IRS form 1099-B rather than an IRS form 1099-MISC?  Box 1e of IRS form 1099-B is Cost or other basis.

 

If you did receive an IRS form 1099-B, it would be reported on IRS form 8949 / Schedule D Capital Gains and Losses.  

 

The provider does not have cost information. You will have to determine the cost basis from your personal records or report $0 cost basis.  Perhaps the investment was purchased under a different vendor?

 

In TurboTax Online, follow these steps to enter an investment transaction on an IRS form 1099-B.

 

  • Down the left side of the screen, click Federal.
  • Down the left side of the screen, click Wages and Income.
  • Scroll down to Investments and Savings.  Click Show more to the right. 
  • Click Start/Revisit to the right of Stocks, mutual funds, bonds, other.
  • At the screen Your investments and savings, click Add investments.
  • At the screen Let's import your tax info, click Enter a different way.
  • Click on Stocks, Bonds, Mutual Funds.  Click Continue.

@carol117 

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