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unintuit
New Member

1099-B Unknown Transactions not reported to IRS with zero sold and zero Proceeds

I received a 1099-B from Edward Jones which has the section: "Unknown Transactions for Which Basis is not Reported to the IRS".  This section has four sales listed with 0 quantity sold (Box 1a), "Unknown" date acquired (Box 1b), an actual date sold (Box 1c), $0 Proceeds (Box 1d), "Unknown" cost or other basis (Box 1e), and "unknown" or 0 for all other boxes.  Edward Jones said these are listed this way due to cancelled sells.

 

TurboTax didn't import the unknown values for 1b and 1e and is giving me errors about them being blank.  I can't enter unknown for either box, and 1e requires a dollar value.

 

Since the quantity and proceeds are zero, can I just remove these items completely?  Do I enter various for the date and $0 for the cost basis?

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1 Reply

1099-B Unknown Transactions not reported to IRS with zero sold and zero Proceeds

just remove them completely 

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