Got an error for missing cost basis

tianwaifeixian — Sun, 04 Apr 2021 17:57:07 GMT

I imported my 1099 forms from ML investment account in turbo tax. When I performed the check, it told me there are 2 errors, both are due to missing cost basis. But the problem is, the 1099 B , there is no cost basis for this transaction (see below snapshot for the 1099B, the cost basis for the second line is N/A. Just wondering, should this whole portion be imported to the 1099 B worksheet at all in turbo tax? Can anyone help? I can't find anything in my ML account. How can I fix this error?

Here is what I see in TT:

Re: Got an error for missing cost basis

NCperson — Sun, 18 Apr 2021 13:46:07 GMT

it is probably from a fractional cash share from a stock split or other distribution.

you can either figure out what the cost basis is based on the date you originally purchased the stock or just put in $1 and move on.

topic Re: Got an error for missing cost basis in Investing

Got an error for missing cost basis

Re: Got an error for missing cost basis