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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.
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‎June 1, 2019
8:18 AM