You are entering the IRS form 1099-DA or IRS form 8949 using the sales section totals method in TurboTax Desktop Premium.
This is the method that I would recommend to report the correct basis which is not reported on the IRS form 1099-DA.
You mentioned that the holding period is also incorrect. Are you recommending to report the correct holding period for the transactions rather than the holding period reported on the IRS form 1099-DA?
For instance, even thought the IRS form 1099-DA reported $100 short-term and $100 long-term, you are reporting the correct holding periods of $50 short-term and $150 long-term? I would support this method.
Hopefully, the corrected form will be received. In any case, retain all documentation that you used to generate your reported income including gain/loss reports and sales records should a tax authority have questions at a later time.
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