solveig40
New Member

Cost basis missing; further down on 1099-B from Schwab, long-term sales is doubled & cost basis listed. I don't know what to put in Turbotax as the numbers don't add up.

Trying to complete my mom's taxes.  She took a "distribution?" from Schwab account ... received proceeds, some of which say to check Box E, some another box.  The Box E amount is confusing and I don't know how to input.  First, 1E says "Missing" then further down (after Security Subtotal), "Total Long-Term Sales Price of Stocks, Bonds, etc." more than doubles the amount above (from 2500 to 5500).  On that lower line, a 1E "Cost or Other Basis" is listed (2404.75).  Then, realized Gain (or Loss) is listed as 595.25.  

I don't know what to do (enter 2500 or 5500 as sales)?  Either way, the totals in TurboTax don't match Schwab.