1099-B under Sales Section. Dropdown provides 7 options, last is "Unknown term basis not reported to IRS". If you select you get an error once complete - bug?

wildew3 — Fri, 30 Jan 2026 15:33:33 GMT

and if you select short or long term (as work around) it will not match the 1099-B... or does that not matter since not reported to IRS?

Re: 1099-B under Sales Section. Dropdown provides 7 options, last is "Unknown term basis not repo...

DavidD66 — Thu, 05 Feb 2026 02:30:18 GMT

I'm not sure why "Unknown term basis not reported to IRS" is an option. I've never used it nor I have ever seen it used. You have to tell the IRS whether your holding period for the asset you sold was long-term or short-term. Your broker may not know, but you should. I recommend you use either A) Short-term basis not reported to the IRS (uncovered) or B) Long-term basis not reported to the IRS (uncovered).

topic 1099-B under Sales Section. Dropdown provides 7 options, last is "Unknown term basis not reported to IRS". If you select you get an error once complete - bug? in Get your taxes done using TurboTax

1099-B under Sales Section. Dropdown provides 7 options, last is "Unknown term basis not reported to IRS". If you select you get an error once complete - bug?

Re: 1099-B under Sales Section. Dropdown provides 7 options, last is "Unknown term basis not repo...