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Level 2
April 13, 2021
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Cost Basis

  • April 13, 2021
  • 1 reply
  • 4 views

On on of my funds in my 1099-B, I show a "cost or other basis" with dashes. However, that is what Turbo Tax says I need more info on. How do I handle this? Thanks! 

    Best answer by Mike9241

    dashes mean the broker doesn't have the cost basis.  you need to compute that yourself.   if it was a sale of a fractional share with a low sales price, the easiest thing to do is enter the cost as $0 or as the sales price or any number in between.    anything else and you would need to contact the broker to find out why a cost basis wasn't supplied.    

    1 reply

    Mike9241
    Level 15
    Mike9241Level 15Answer
    Level 15
    April 13, 2021

    dashes mean the broker doesn't have the cost basis.  you need to compute that yourself.   if it was a sale of a fractional share with a low sales price, the easiest thing to do is enter the cost as $0 or as the sales price or any number in between.    anything else and you would need to contact the broker to find out why a cost basis wasn't supplied.    

    Mike9241