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fluffernutter47
New Member

I own a foreign stock that issued rights to me. The 1099B cost basis and proceeds for these rights are both zero, and Turbotax wants me to review. Can I just ignore?

I spoke to the broker, and they verified the 1099-B, and that the cost basis is indeed zero for the rights. I'm not sure how to handle.
1 Best answer

Accepted Solutions
AmyC
Expert Alumni

I own a foreign stock that issued rights to me. The 1099B cost basis and proceeds for these rights are both zero, and Turbotax wants me to review. Can I just ignore?

Yes, enter a zero so the program knows that is your intention and proceed on ignoring the warning. A zero is not a common basis but does exist.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
AmyC
Expert Alumni

I own a foreign stock that issued rights to me. The 1099B cost basis and proceeds for these rights are both zero, and Turbotax wants me to review. Can I just ignore?

Yes, enter a zero so the program knows that is your intention and proceed on ignoring the warning. A zero is not a common basis but does exist.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
fluffernutter47
New Member

I own a foreign stock that issued rights to me. The 1099B cost basis and proceeds for these rights are both zero, and Turbotax wants me to review. Can I just ignore?

Thank you Amy!

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