On my 1099-B form, I have "Transactions for which basis is not reported to the IRS and Term is Unknown" How do i report this?

[JotikaT2]

You will enter the information in the federal interview section. 

1. Select Income & Expenses 
2. Scroll down through all income until you see Investment income 
3. Select Stocks, Mutual Funds, Bonds, Other 
4. Select Add more sales or Edit if you have already entered sales information
5. Continue through the screens until you see a screen titled Now, we'll enter one sale on your ....1099-B.
6. You will be able to scroll down and enter your cost basis, date of acquisition, sales dates, proceeds, etc on this screen. 
7. Make sure you do this for all sales listed on your 1099-B to ensure you are only paying tax on the gain for each sale

You may need to get your cost basis from another report if it is not listed on your Form 1099-B.

You have a few options here.

• Contact your investment brokerage to see if they have the information
• Check your year end statements.  A lot of times more detail is provided there than what is reported on your 1099-B.
• Did you receive statements when investments were purchased?  This may be an option if you do not have a lot of sales.

See the attached link for additional way to obtain your basis.

How to find a stock's cost basis