Basis is not reported, means that Fidelity is not reporting the cost of the IPO (what you paid) to the IRS. You will need to review your past brokerage statements to find what you paid for the stock. Your Fidelity advisor can assist as well.
The term is how long you owned the IPO. If you held the position for one year and less, then it's short-term. If you held the position for over one year, then it's long-term. You will use either category C or F, basis not reported depending on your holding period.
If the dollar amount is small, and you don't want to go through all the work, you can put $0 for your basis, and you will be taxed on the full proceeds amount.
Report your sale information under the section Stocks, Mutual Funds, Bonds, Other. Enter your Form 1099-B information exactly how it appears. See this TurboTax FAQ below for more information on Form 1099-B. Click "See entire answer" for the full page view.
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