Jwind77
Returning Member

how to set the cost basis to zero by default for noncovered transaction on 1099B

Hi, so I have hundreds of options trades from my broker (merrill) are under the non covered transaction category (B), their cost basis are all zero as stated in my 1099B.

 

Now in turbo tax, I need to manually confirm them by enter 0 in box 1e one by one.  This becomes very time costing.   I am wondering if there are any way in Turbotax setting  to use  broker provided value, albeit it is not forward to IRS, or default value 0.