My 1099B has 6 transactions each about $1.50 each with no date acquired or cost basis. Turbo Tax is requesting the cost basis and date acquired. How do I get this?

I have no idea what or where to get any information on this. Also, This same amount is listed as -9.00 Total Gross proceeds investment cap with the note Income or expense adjustment This security is a widely held fixed investment trust (WHFIT) must be taken into account when computing taxable income. Please help! Thanks

673

Expert Alumni

Mar 31, 2022 4:36:15 PM

Do you have an approximate date when this item was added to your portfolio?

If so, you may claim the $9.00 with $0 cost basis and select Something other than a date. Then at the screen Did you acquire this investment more than a year before you sold it, select either the long-term or short-term option.

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My 1099B has 6 transactions each about $1.50 each with no date acquired or cost basis. Turbo Tax is requesting the cost basis and date acquired. How do I get this?