Cost Basis, Deriving Total Cost Basis

[Jonathan1]

In 2024, I liquated, in entirety, a non-retirement (taxable) mutual fund. 

For that fund, I have both a "non-covered" dollar cost basis amount and a "covered" dollar cost basis amount. 

Is it acceptable to add the non-covered dollar cost basis amount to the covered dollar cost basis amount to derive my total cost basis when reporting my sale?

[Bsch4477]

You will receive a 1099-B from your broker itemizing your sale. Report the sale as reflected on your form and TurboTax will calculate your proper gain or loss. 

[fanfare]

"Is it acceptable to add the non-covered ..."

Yes.

For non-covered securities ( BOX B or E) showing zero (or wrong) basis, enter the correct basis yourself.
Use code "B" and put -0- in col (g).

The correct basis on the sale is the amount you mentioned.

OR you could report non-covered and covered in separate transactions with the same Date Sold.

Either way is OK.

Date Acquired can be "Various".

@Jonathan1 

[fanfare · Accepted solution]

You may get a separate 1099-B line for the Box E and Box D proceeds

If you acquired any shares in the 12 months prior to sale, those would appear under Box A.

@Jonathan1 

[Jonathan1]

Very helpful.  I always like to get an early start in entering data to TT.  I will check my numbers again against the 1099 B that I will get in February or March of 2025.