Downloading a 1099-B from my broker shows non-covered lots assigned an (incorrect) cost basis. Should I simply correct the cost basis on the TurboTax 1099-B screen?
posted
June 1, 20199:59 AM
last updated
June 01, 20199:59 AM
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Downloading a 1099-B from my broker shows non-covered lots assigned an (incorrect) cost basis. Should I simply correct the cost basis on the TurboTax 1099-B screen?
Yes, enter your cost or adjusted cost basis for the stock on the 1099-B screen(s). Keep the proof with your at-home tax records.
Downloading a 1099-B from my broker shows non-covered lots assigned an (incorrect) cost basis. Should I simply correct the cost basis on the TurboTax 1099-B screen?
But it's asking for a specific line item then on the next page is a section to put in 'corrected' cost basis. Yet it seems doing that does nothing.
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