Vanessa A
Employee Tax Expert

Deductions & credits

No.  Since you are entering a 1099-S, there is no spot on that form for anyone to report the basis so it does not need to be there.  

 

The total amount paid is where the cost basis is to be entered.  If you click on the little question mark or learn more box next to the Total amount paid, it will give you a full description of what should be entered there.

 

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