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How to enter proceeds from sale of rights to stock listed in transactions on 1099-B
On my 1099-B I have a single transaction under the title:
UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS
For proceeds of $42 for sale of rights to stock. There is NO cost basis or date acquired entered. TT Desktop keeps asking for that info. How do I get pass this?
It is NOT included in the total proceeds in the summary of this account. It is listed under box B "basis not reported to IRS" and date acquired is N/A. Do I delete it from my downloaded transactions?
I read the community post from @pbs2bz in 2024 but still not sure how to proceed.
Thanks, Susan
March 15, 2025
6:13 PM