kblank321
New Member

Turbotax is asking for cost basis even though the 1099-B says "unknown"

I connected my accounts so Turbotax imported the info from my 1099-B forms.  The 1099-B says the investment in question is under "transactions for which basis is not reported to the IRS and Term is Unknown".  Box 1e "Cost or other basis" says "Unknown", but Turbotax keeps insisting that I enter an amount.