Outstanding I think is clear.
So if it is than simple why TurboTax reading the Broker 1099-B do not just ask to the cost purchase and the date of purchase or phrase it better if they have this works providing that you are dealing with the same block group of cryptocurrencies.
So just to be clear Proceeds is equal X
Date acquired is Date acquired
Cost is Y (Price per share of cryptocurrency on date of purchase)
Cost based Factor Z (Factor SOLD of share of Date of sold dispose)
So in the TurboTax worksheet for each individual Proceed asks for date sold (Which is the Date provided on the 1099-B from Broker) (In my case is every week) However in the top of the work sheet TurboTax asks for Long or Short term, if you indicate Long Term then the Date Acquired is fill with a "L" .
So the only left area to fill is the Cost or other Basis so here I have 3 possible values are:
Option 1 Enter the average cost of Cryptocurrency is this case is Y.
Option 2 is to enter the cost base factor which is fractional number of like you say of the sale which should be equal as the Proceed Value X which logical can't not be use I think because then Proceed and cost will then equal zero and if the IRS taxes on Proceeds then zero is not good for the IRS.
Option 3 is to enter the individual cost based factor (which is available on the 1099-B (so why TurboTax did not use it when importing the 1099-B (lazy programmers?)
So which option should be use? 1, 2 or 3
I also I notice that there is a bug in TurboTax I think at the top of the worksheet it ask Long or Short term but not of the individual proceeds are inserted with a L (Just a side note)
