Form 1099 B has "Missing" as the cost basis. Does TurboTax complete form 8949 (specifically Part II with box E checked)?

[kozloskytony]

what is form 8949 part II and box E indicate?

[baldietax · Accepted solution]

Part II Box E is "Long-term transactions reported on Form(s) 1099-B showing basis was not reported to the IRS"

i.e. "non-covered" sales

what type of asset was it - usually these are older bond holdings which pre-dated the requirements for brokers to track and report the acquisition data.

you need to find the cost basis based on your own records - statements or trade confirmations.

[fanfare]

specifically, it means that you told TurboTax this 1099-B is to be marked for Box E.

That is the correct entry.

@kozloskytony