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How do i add the cost basis for "Undetermined Term Transactions for Non-Covered Tax". I do know the cost basis but 1099-b does not have this info.
For one of the transaction that was bought in 2017 , 1099-B does not have a cost basis. it is being reported as UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS . also says (Report on Form 8949, Part I with Box B checked or Part II with Box E checked. Basis is NOT provided to the IRS. (Line 12)
“Date acquired,” “Cost or other basis,” "Accrued market discount," "Wash sale loss disallowed" and “Gain or loss (-)” are NOT reported to the IRS.)
I do know the cost basis and want to enter . i did check the box "The cost basis is incorrect or missing on my 1099?B" but should i enter the cost basis, on box 1e or Where do I enter it?
“Date acquired,” “Cost or other basis,” "Accrued market discount," "Wash sale loss disallowed" and “Gain or loss (-)” are NOT reported to the IRS.)
I do know the cost basis and want to enter . i did check the box "The cost basis is incorrect or missing on my 1099?B" but should i enter the cost basis, on box 1e or Where do I enter it?
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April 4, 2022
4:21 AM