how to fill in cost or other basis into turbotax from " -" in 1099-B

Box 1e is Cost or Other Basis.  This is the purchase price of the transaction. Although brokers now maintain records of the Cost Basis of investments and stocks.  It is your individual responsibility to maintain those records.

 

the IRS will not flag your entry of a different cost basis if it is entered properly.

 

If it is blank, leave it blank. (This will match the 1099-B posting)

1. Scroll to the bottom of your 1099-B entry screen
2. Check the box for The cost basis is incorrect or missing on my 1099-B 
3. On the new screen None of these apply.
4. I know my cost basis and need to make an adjustment.
5. Enter your actual Cost Basis

You may be able to use Historical Stock Quote Prices - MarketWatch to determine the original value.

 

 

thanks for your reply

ref.to screen shot, under additional information, the amount is from "proceeds form sale of rights"

may I put "0" under cost or other basis?

Yes, you can choose $0 as the cost or other basis, but that would mean that you paid $0 for the stock.  It would mean that you will pay tax on 100% of the proceeds.

@HappyBen