ThomasM125
Expert Alumni

Investors & landlords

When you enter your Form 1099-B information in TurboTax, you will have an opportunity to indicate that the cost basis is missing or wrong. Choose that option and you can then enter the correct cost basis. In your case, if the gain is reported on a Form 1099-INT as interest income, you would report that amount as the cost basis when you enter your Form 1099-B:

 

 

@kmcinish 

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