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Retirement tax questions
In my case, my broker (Fidelity) provided me with Form 1099B with box 1e (Cost or Other Bases) with a non-zero value, but with a letter "(e)" suffixed to the value.
When TurboTax imported this data from my broker, it is recorded with no value filled in the "Cost or Other Basis" in its Form 1099B, with (in the "Quick Entry Table" for Form 1099B in TurboTax (Premier):
1. "Basis Reported to IRS" set to "No",
2. "Reported on Form 1099B" set to "Yes"
However, my broker provided "Supplemental Information" with "Adjusted Cost or Other Basis" for the sales with a bigger value than what they had in their 1099B.
So, in this case,
A. should I put any value other than zero in TurboTax's 1099B form for this sale?
B. If so, which of the two values should I put?
b.1. the value in box 1e in broker-provided 1099B, OR
b.2 the value in "Adjusted Cost or Other Basis" box in broker-provided "Supplemental Information"
C. If I do not put any, put zero, or b.1 (i.e., non-adjusted cost basis) in TurboTax's 1099B, where should I correct (or adjust) the basis? It seems like I can do that through the "Quick EntryTable" for Form 1099B in TurboTax (Premier)? Is that the right place?