can not get past review of 1099-b entries

[bon9lus]

Action is Principal, Quantiy 0, Date aquired unknown, cost basis unknown

[JamesG1 · Accepted solution]

Do you have an IRS form 1099-B that does not report cost basis or date acquired?

There are cases when the issuer of the IRS form 1099-B does not have the information or is not required to report the information that they have.  

You may have to refer to your personal records including sales tickets to locate the information that is needed.

You may enter an IRS form 1099-B into TurboTax Premium Online on a One by one basis by following these steps.

1. Down the left side of the screen, click Federal.
2. Down the left side of the screen, click Wages & Income.
3. Click the down arrow to the right of Investments and Savings.
4. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
5. Click Add investments.
6. At the screen Save time and connect your financial accounts, click Enter a different way.
7. At the screen How do you want to add your docs?, click Type it in myself.
8. At the screen OK, let’s start with one investment type, select Stocks, Bonds, Mutual Funds.  Continue.
9. At the screen Which bank or brokerage is on your 1099-B, enter the information. Click Continue.
10. Do these sales include any employee stock, click No.
11. Do you have more than three sales on your 1099-B, click No.
12. Do these sales include any other types of investments, click No.
13. Did you buy every investment listed on your 1099-B, click Yes.  Click Continue.
14. At the screen Now, choose how to enter your sales, select One by one.  Click Continue.
15. At the screen Look for your sales on your 1099-B, click Continue.
16. At the screen Now enter one sale on this 1099-B, enter information. Click Continue.
17. Enter the information.  Select The cost basis is incorrect or missing on my 1099-B.  Continue.
18. At the screen We noticed there's an issue with your cost basis, select I know my cost basis and need to make an adjustment.  Continue.
19. Repeat as necessary by clicking Add another sale.  Click Continue.