Hal_Al
Level 15

Investors & landlords

Q.  Do I still need to go through the no 1099b to capture the zero basis? 

 

"Capture the zero basis?"  I'm not sure what you're asking anymore.  I assumed you had previously received total box 9 (1099-Div) distributions, that reduced  your cost basis to zero.  That means any additional box 9 distributions are now taxable (as capital gains).  TurboTax (TT) does not pick up that income from you entering the 1099-Div. Box 9 is treated by TT as non-taxable.  It's up to you to know if it's taxable.  You enter it as an investment sale, with $0 basis.