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Investors & landlords
Cost basis is the original purchase cost of an asset (such as stocks, bonds, or property), plus any adjustments that result from transactions over the period you own the asset.
The Review error that you received means that the Cost or other basis is missing in the IRS form 1099-B transaction line.
To correct the form manually In TurboTax Online, follow these steps:
- Down the left side of the screen, click Federal.
- Down the left side of the screen, click Wages & Income.
- Click the down arrow to the right of Investments and Savings.
- Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
- Click the down arrow to the right of the IRS form 1099-B.
- Click Edit.
- At the screen Review your sales, click the pencil to the right.
- Cursor down to Cost or other basis.
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‎February 26, 2025
1:39 PM