What should I enter for the cost basis for my trust (WHZT, WHITING USA TRUST II) in TurboTax's form 1099-B? The basis is not reported to the IRS and TurboTax wants me to correct it. There are three entries from my broker's 1099-B:
| | Action | Quantity | Date Acquired | Date Sold | Proceeds | Cost basis | Gain / Loss |
| 1 | Principal | 0 | 5/1/21 | 05/28/21 | 3747 | 2463 | 1284 |
| 2 | Principal | 0 | 5/1/21 | 05/28/21 | 829 | 0 | 829 |
| 3 | Sale | 10000 | 5/1/21 | 07/01/21 | 3706 | 0 | 3706 |
I purchased the stock on 5/1/2021 for $2463 and sold all of it on 7/1/2021 for $3706, so it would make sense if line 1 cost basis were moved to line 3. I received a royalty trust payment of $829 on 5/28/2021, so line 2 makes sense. I don't understand line 1 proceeds because I never received a payment of $3747.
Later in the 1099, I see
| Actual Payment Shortfall | 3610 |
| Non-deductible Generic Expenses | 136 |
| Deductible Generic Expenses | 1 |
The numbers add up to line 1 proceeds. The high "Actual Payment Shortfall" is probably because the trust missed four quarterly payments. Thanks in advance for your help.
