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paulbdmo
New Member

Turbotax wants the Cost or Adjusted Basis on one investment on my account, however the company states that this should not be reported to IRS? How can I manage this?

 
2 Replies
rjs
Level 15
Level 15

Turbotax wants the Cost or Adjusted Basis on one investment on my account, however the company states that this should not be reported to IRS? How can I manage this?

Duplicate question.

 

VolvoGirl
Level 15

Turbotax wants the Cost or Adjusted Basis on one investment on my account, however the company states that this should not be reported to IRS? How can I manage this?

Did you get a 1099B for sales?  The company might not be required to report your cost basis so you need to enter it from your own records.   Are you importing the 1099B or manually entering it.  If you don't enter the cost the whole sale will be taxable.  

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