If the sale on a1099-B lists non-covered securities, how do I enter under Sales section?

[kojs10-]

I inherited and sold non-covered stock.  How does I report the 1099B?

[JohnB5677]

The 1099-B shows as Non-covered because they are inherited and the broker does not know what the basis is. 

The basis of these stocks will be the value on the day of passing of the person that left them to you.

I suggest that you select to post these one sale at a time.

Income & Expenses

1. Scroll to Stocks, Mutual Funds, Bonds, Other
2. Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
3. On the OK, what type of investments did you sell? screen, select Stock, Bonds, Mutual Funds. Then select Continue.
4. From here, you can import or manually enter your 1099-B (I suggest the manual entry feature)
5. It will ask for your Bank
6. Tell us about your 1099-B sales for this brokerage account
7. There will be several questions. One is: Did you purchase all of these investments? Any inherited or gifted investments are not considered purchased.
8. Enter sales one at a time
9. Now, we'll enter one sale on your 1099-B
10. There is a drop down menu here. "Sales Section".
11. Select Long Term Basis not covered not reported to the IRS
12. Continue to post the sale.