Re: My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

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?

posted

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.

the reporting requirements for your broker are not necessarily the reporting requirements for you, the Investor.

You must report according to the requirements of the Investor.

If I want to value my donations to a charity instead of using It'sDeductible, do I need to enter every item individually under "Tell us about the items you gave to ___"

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My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

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My 30shrs &amp; 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

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My 30shrs &amp; 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

My 30shrs &amp; 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

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My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?

My 30shrs & 100 shrs of GLV were combined at 10.85/share but brkr left the cost basis empty. When I fill in the cost basis it all appeared as loss. Shld I leave it blank?