`
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

Where do I enter the cost basis for stock on Turbo Tax online, that is listed on my 1099B as 0 bcause it was more than 10 years ago that I purchased the stock?

 
1 Reply
Highlighted
Expert Alumni

Where do I enter the cost basis for stock on Turbo Tax online, that is listed on my 1099B as 0 bcause it was more than 10 years ago that I purchased the stock?

When you are making these entries in TurboTax, please be sure to check the box that says "The cost basis is incorrect or missing on my 1099-B". This will allow you to make adjustments to the basis. Please be sure to keep copies of the records supporting the actual cost basis in the event your return is ever examined.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"