1099-B states "Transactions for which basis is not reported to the IRS and for which short or long term basis is unknown to broker" where do I repot this?

[contra123]

Using TT Premier and in the 1099-B completion area, there is not a drop down item with this description.  Where do I go from there?  Your help is appreciated.

[ToddL99 · Accepted solution]

Because this is a non-covered security (cost basis and/or holding period unknown), you must enter the acquisition date and cost basis from your records  - the program will calculate whether it was a long-tern gain/loss (held 1 year or longer) or a short-term gain/loss (held less than a year)

The 1099-B reported the date sold and the gross proceeds, but not the holding period or cost basis - the brokerage firm doesn't have that information.

See the following sample screenshot for entering this in the "Stocks, Mutual Funds, Bonds and Other" interview.