Yes, you will enter the date of purchase and cost basis from your personal trade records.
A noncovered security means a broker is not required to report the cost basis of that security to the IRS. The adjusted cost basis of noncovered securities is only reported to the taxpayer, not to the IRS. For noncovered securities, you are responsible for reporting cost basis information to the IRS when you file your taxes.
In TurboTax Online, follow these steps to enter the IRS form 1099-B.
- 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 Add investments.
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