Hi Mark, This is a wonderful response, but at this point, I prefer to make the corrections needed for the individual entries. I am sorry that I did not make that clear. I already know why companie...
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Hi Mark, This is a wonderful response, but at this point, I prefer to make the corrections needed for the individual entries. I am sorry that I did not make that clear. I already know why companies might check the B and E designations. However, in the past, I provided WF with a copy of all of my updated cost basis figures. That is why each and every one of their figures is correct and identical to mine. When I am re-entering the info for those investments that have Box E or Box B checked, I am re-entering the exact same amount , but in a different way. Is there something wrong with this technique? It was suggested on this Community site. If I have decided to take the correction path, are you saying that even though I am re-entering each individual B and E Box entry, I must still keep the phrase “Short term basis not reported to the IRS (noncovered)?.” (This is my main concern.) I previously went onto the WF site and had them electronically send the information from my WF 1099 to Turbo Tax. That being the case, do I still have to upload a copy of my 1099-B to Turbo Tax for the IRS? I prefer not to mail anything in if at all possible. Thank you for your help. I also would appreciate a response from anyone who has made corrections to their own B or E. Sincerely, Cathy