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Level 1
posted Mar 29, 2021 3:21:56 AM

Is there a bug in turbotax about a negative basis?

cannot file online

0 1 194
1 Replies
Expert Alumni
Mar 30, 2021 6:30:01 AM

A negative basis would be unusual.  That would mean that someone paid you to take a stock.

 

However, if it is happening to you I suggest that you select the check box for "The cost basis is incorrect or missing on my 1099-B"  and change it to zero.  Then increase the proceeds by the amount of that negative number.

 

This will wield the correct amount for the transaction.