Solved: Form 1099-B shows in Box 1e, cost basis $0. All th...
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domytaxeskiwi
New Member

Form 1099-B shows in Box 1e, cost basis $0. All the proceeds are from an NUA rollover in 2019. Turbo tax is recommending that I review my cost basis. Do I need to ?

My choices are:
- I know my cost basis and need to make an adjustment
- I don't want to make any changes to my cost basis right
   now.
Which answer should I choose?
1 Best answer

Accepted Solutions
ColeenD3
Employee Tax Expert

Form 1099-B shows in Box 1e, cost basis $0. All the proceeds are from an NUA rollover in 2019. Turbo tax is recommending that I review my cost basis. Do I need to ?

No, if you know for a fact that it is zero basis, then you would not make changes. The program is designed to be cautious.

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

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1 Reply
ColeenD3
Employee Tax Expert

Form 1099-B shows in Box 1e, cost basis $0. All the proceeds are from an NUA rollover in 2019. Turbo tax is recommending that I review my cost basis. Do I need to ?

No, if you know for a fact that it is zero basis, then you would not make changes. The program is designed to be cautious.

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

View solution in original post

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