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!
You'll need to sign in or create an account to connect with an expert.
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.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17727448620
Level 2
user17530686294
Returning Member
Chrisgmitchell
Level 3
becky101181
New Member
user17765144402
New Member