ThomasM125
Expert Alumni

Get your taxes done using TurboTax

You do need to check the box so your investment sale income is properly reported. Your 1099-B form indicates that your cost basis is $0 whereas it should be $416.12. If you leave it as $0, more of your income is being treated as capital gain income rather than ordinary income, so the tax is lower. But if the actual cost basis is $416.12, you need to report it as such on your tax return. @skylinegtr2022 

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