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My 1099-B does not have a "Box 2". How should I respond to this in Turbo Tax?

 
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KiaraE
New Member

My 1099-B does not have a "Box 2". How should I respond to this in Turbo Tax?

Generally, if box 2 is empty, then the Date acquired and Basis are unknown. In that case, when entering the data in TurboTax, for Sale category, select Box D (long term noncovered). Regulations  requiring brokerage firms to report the purchase price changed in 2011, so these would all be long-term transactions.

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1 Reply
KiaraE
New Member

My 1099-B does not have a "Box 2". How should I respond to this in Turbo Tax?

Generally, if box 2 is empty, then the Date acquired and Basis are unknown. In that case, when entering the data in TurboTax, for Sale category, select Box D (long term noncovered). Regulations  requiring brokerage firms to report the purchase price changed in 2011, so these would all be long-term transactions.

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