June 14, 2020 4:40 PM
last updated June 14, 2020 4:40 PM
Turbo tax keeps making me fill in the cost basis and if I do it shows I lost all capital when actually have a gain $$. Should I just follow the way Charles Schwab filled up the form and ignore the warnings from TurboTax?
If the broker did not have a cost basis on the 1099-B then of course it would have shown a gain ... so if you enter the correct basis you may have a loss. That is not a bad thing. You are supposed to enter the missing information.