topic I received a 1099-B for ALTABA, no aquisition date or cost basis provided. This is a return of capital. How is that to be entered into TURBO TAX? in Investors & landlords

I received a 1099-B for ALTABA, no aquisition date or cost basis provided. This is a return of capital. How is that to be entered into TURBO TAX?

Darmar747 — Mon, 09 Mar 2026 04:43:40 GMT

Re: I received a 1099-B for ALTABA, no aquisition date or cost basis provided. This is a return o...

DavidD66 — Sun, 27 Feb 2022 23:16:30 GMT

You would enter it the same as any other investment sale for which you received a Form 1099-B. I recommend you use "Various" as the acquisition date. Since it is a return of capital, the cost basis and sales proceeds are the same - the amount you received. Use Category/Code E, Long-term Non Covered - Long term sales with cost basis NOT reported to the IRS.

To enter in TurboTax, while logged in and in your return, select "Search" and type in "1099-B", then select "Jump to form 1099-b". TurboTax will guide you through the entry process. I recommend you do not import your 1099-B.

Re: I received a 1099-B for ALTABA, no aquisition date or cost basis provided. This is a return o...

llombardo24 — Sun, 13 Mar 2022 00:11:52 GMT

I figured it out with this information. Thank you.