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IRS Tax forms 1099B and 8949
Hello,
I'm trying to file online, not through the mail and have the following questions regarding IRS Forms 1099B and 8949:
I recently sold stock and on TurboTax online, under the review section, it asks me to verify the cost basis using the imported form 8949. I do not see any amounts there, however on the copy of my 1099B, under short-term and long-term non-covered securities, it shows two different amounts for the cost basis.
Which term cost basis amount do I use under my 1099B, or do I add them up and then enter the total in TurboTax? It must be a positive amount, meaning that it cannot be zero. Any assistance is greatly appreciated. I'm a first time stock seller.
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March 2, 2021
10:52 AM