1099-B for which the basis is not reported/term is "unknown." My form says to report on form 8949 with box B or E checked and/or schedule D, Part I or II which aren't av

[akjohar]

TurboTax keeps directing me back to the 1099-B, but I cannot complete it because there is no cost basis (says "unknown"). my 1099-B says transactions for the basis is not reported to the IRS and the term is unknown should be reported on Form 8949 or Schedule D, Part I or II, but I cannot access these forms.

[MarilynG]

Form 8949 and Schedule D are automatically created in TurboTax when you enter your Investment Sale.

If you enter a Cost Basis as $0 (if you can't determine an amount), all the Sales Proceeds on your 1099-B are considered Capital Gain or Loss on Schedule D. 

Here's are some tips to help you find your Cost Basis, whether you sold or inherited your stock:

https://ttlc.intuit.com/replies/3300454

[colelagen]

Tips not showing in Link.  How do I get to transactions to enter correct cost basis for unknown term transactions ?

[colelagen]

Let me clarify.  I have LP Stock transactions where the cost basis was unknown and i need to enter amount.  Where do I enter cost basis from K1 and how do I get there ?

[CatinaT1]

Were you able to get past this? If not, can you clarify your question even further? What cost basis do you have on your K1?

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