I have a question concerning a 1099B entry on TurboTax. The entry in question falls under the heading “UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS”, and concerns some Banco Santander ADRs that I hold. From the import of TD Ameritrade tax information, TT provides the following entries:
Box 1a Description: 05964H105 BANCO SANTANDER SA ADR SPONSORED
Box 1c Date sold: 07/20/2017
Box 1b Date acquired: blank
Box 1d Sale proceeds: 225.57
Box 1e Cost of basis: blank
Box 2 Type of gain or loss: blank
Box X – unknown holding period
In addition, the 1099B from TD Ameritrade provides a Quantity for this transaction of 0.000. Examining my TD Ameritrade statement for July, 2017, there exists no account activity that corresponds to this transaction. Now Boxes 1b and 2 can be faked by assuming that the transaction corresponds to a long-term capital gain (I have held the ADRs for some years). However, I haven’t a clue as to what to enter for Box 1e, the cost basis. Does anyone have any suggerstions?
