Thank you for your response and taking the time to offer it. However, this will be a conversation with the IRS. For anyone else who reads this, my opinion is that an equity membership in a country club is an ownership of a business ... a business that sells services, has revenues and expenses, has employees, incurs profits and losses including the potential of my loosing 100% of my investment and files tax returns as well as issues 1099B forms to selling owners. My house and car do none of those things.
My question was about inputting the cost basis in TurboTax when that number is not listed on the 1099B. Does that make my 1099B in TurboTax "noncovered"?
