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New Member
posted Mar 1, 2020 3:50:36 PM

Form 1099B worksheet

TurboTax keeps asking for a cost basis on a money market fund. (Any gain is reported as interest.)

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1 Replies
Employee Tax Expert
Mar 1, 2020 4:04:26 PM

If it is a money market, the enter the same amount for cost basis as the proceeds.  This will result in no gain or loss.