Because of your help James and Marilyn, I’m figuring this out. I see TurboTax doesn’t seem to recognize that besides Stock, Crypto, Mutual fund - index fund-EFT, Bond, Option the TurboTax dropdown, one can also get a 1099-B for as the IRS says: sales of “stocks, commodities, regulated futures contracts, foreign currency contracts, forward contracts, debt instruments, options, securities futures contracts, etc., for cash.” It’s in the “etc” where we would find sale of rights. And then the basis for the sale of the rights isn’t the basis for the stock itself, it’s the basis for the rights, as James you said. So, TurboTax besides not recognizing all the types of sales that can be reported on a 1099-B also doesn’t then give its customers guidance on how to calculate the basis for some of these less obvious situations. It’s the TurboTax Community and people like you both that are essential to helping people!
