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New Member
posted Mar 4, 2020 11:56:46 AM

My 1099-b shows a cost basis for a stock sale but is does not show it when i imput it

sold shares of xyz co for 2700 cost basis was 4842 after i input it it shows o cost basis

0 3 1502
3 Replies
Level 2
Mar 4, 2020 3:49:55 PM

What did you enter for the investment type?  Stock, Personal Item, etc.

Level 2
Mar 4, 2020 3:55:53 PM

When entering the sale, was the cost basis correct?  Did you check the box the cost basis was missing or incorrect?

Expert Alumni
Mar 9, 2020 10:14:52 AM

Did you import the 1099-B from your brokerage account?  If you did the cost basis may not have transferred.  You can check Form 1099-B and manually enter the cost basis following these steps.

 

  •  With TurboTax open enter form 1099b  in the search box.
  • Then select Jump to  1099-B in the results window.
  • Any Form 1099-B imported will show up on the next page Here are all your investment sales
  • If your 1099-B is listed select edit to add your cost basis
  • If your 1099-B is not listed follow the prompts to enter your Form 1099-B sale information.