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Get your taxes done using TurboTax
@nonnaditoro Often, the broker that issued your form 1099-B will not report the cost basis of your trades for various reasons. So if you import the form into TurboTax, your cost basis will not populate. When this happens, you need to determine what the cost basis is and enter it.
You can edit your form 1099-B entry by using these menu options in TurboTax:
- Income and expenses
- Investment income
- Stocks, Mutual Funds, Bonds, Other
- Update and edit the investment
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‎February 26, 2021
2:44 PM