Under 1099B form (it is not supplemental information) , i am seeing "Short-term transactions for which basis is not reported to the IRS"
In turbo tax Sales section - should I select “short term basis not reported to IRS (non covered)"? ( How does IRS know that fidelity did federal withhold for this transaction)
Turbo tax asking for below boxes
1a - Description of property, Stock or Other Symbol, CUSIP
1b - Date acquired
1c - Date Sold or Disposed
1d - Proceeds
1e - Cost or Other Basis
Supplemental information doesn’t have 1a,1b,1c,1d and 1e, but it has
Description of Property, Stock or Other Symbol, Cusip
Date of acquisition(x)
Date Sold or Disposed
Proceeds
Ordinary Income Reported (y)
Adjusted Cost or Other Basis (z)
I am able to match turbo tax boxes for 1a,1b,1c, and 1d with supplemental information (Description of Property, Stock or Other Symbol, Cusip,Date of acquisition(x),Date Sold or Disposed,Proceeds respectively) . Can I have "Adjusted Cost or Other Basis (z)" at 1e (cost or other basis) on turbo tax? or should it be "Ordinary Income Reported (y) " at 1e?
If i use "supplemental information", should i be selecting "The cost basis is incorrect or missing on my 1099‑B"?
