EDIT: It looks like this comment thread is considered closed because there is an answer. I will post a new question in a new thread.
What is the solution to this question if the basis was not reported?
I have many pages of imported 8949 transactions with sub-50 cent transactions from ETFs with no reported basis.
I manually entered 0 as the basis when requested by TT to fix the transactions. But the 8949 rounded every transaction to 0. e.g., it now shows pages of 0 proceeds, 0 basis, 0 gain/loss.
I could have easily had 10,000 imported sub-50 cent short term gains from one brokerage firm amounting to 4900. TT says I would not need to pay tax on it. That simply cannot be.
What is the process to correct the situation that will make TT happy and will allow my Federal and State taxes to be able to be filed electronically with a TT guarantee of accuracy?
