vm111
New Member

Hi, I am stuck with Turbotax reporting my 1099-B section: "UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS..." No cost basis

The full 1099-B section name:
UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Line 5)
Report on Form 8949, Part I with Box B checked or Part II with Box E checked. Basis is NOT provided to the IRS. (Line 12)
“Date acquired,” “Cost or other basis,” "Accrued market discount," "Wash sale loss disallowed" and “Gain or loss (-)” are NOT reported to the IRS.

The section table has sell date column, "0" in quantity column, proceeds, date acquired as "N/A" , nothing in "cost basis" column, values like "Principal payment ,Cost Basis Factor: 0.xxxxxxxxx"  in the "Additional information" column