You'll need to sign in or create an account to connect with an expert.
That is a broker-issue. You will need the cost basis in order to properly calculate any gain or loss on the sale(s). For some stocks, the broker is not required to report that information and you will need to determine it on your own. If you use TurboTax Premier or higher, TurboTax will guide you through adjusting your basis. If any of the sales were for employee stock, you may be able to get the needed information from your employer.
How do I find a stock's cost basis?
The information is shown on the brokerage account but it wont download - says there is nothing to download ? Also, a second account has multiple sub accounts, how do I select the one or two i wish - there is no menu and the same report comes back as shown previously above...
You will need to contact the broker for these questions. The broker should have sent you a 1099-B. If transactions will not download you can enter them manually. If there are a lot of transactions, it is usually easier to enter a summary of each type into TurboTax.
Those summary amounts will be on your 1099-B form.
How to Enter 1099-B
@rmitch1
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
DaveCoatsworth
New Member
chucktoolz
New Member
bluebike99
New Member
nancyB2
New Member
chamblee5
New Member