Can I leave the cost basis blank if I don't want to create a capital loss. Less than $100 so not a big loss.
I have several years of reinvested dividends for small fractions of shares of a spinoff. Not worth the work to figure the cost basis.
011056
1 Best answer
CathiM
New Member
Jun 1, 2019 8:20:22 AM
Yes, but you have to enter $0 in the cost basis box or TurboTax won't let you go forward. You also have to choose Box A-F in the drop down menu. If it's uncovered or unreported, the IRS doesn't have a value for the cost until you tell them.
1 Replies
CathiM
New Member
Jun 1, 2019 8:20:22 AM
Yes, but you have to enter $0 in the cost basis box or TurboTax won't let you go forward. You also have to choose Box A-F in the drop down menu. If it's uncovered or unreported, the IRS doesn't have a value for the cost until you tell them.