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Is there a way to bulk import cost basis from a 1099-B form for items that are "Noncovered Securities"?

When I imported by 1099 pdf form, Turbo tax was able to see to total proceeds. But it didn't import the total Cost Basis. I see that each table grouping in the pdf is suffixed by "Noncovered Securities". I think because of that, turbotax is setting every row's costbasis as 0, even though there is a value. How do I make it import those values too? There are a ton of rows, and manually entering them would be error prone
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PatriciaV
Expert Alumni

Is there a way to bulk import cost basis from a 1099-B form for items that are "Noncovered Securities"?

There is no way to import just the cost basis for stock transactions reported on Form 1099-B. You may choose to enter the sales totals by group rather than importing the detail transactions. See this article for more info: How do I enter a large number of stock transactions in TurboTax?

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1 Reply
PatriciaV
Expert Alumni

Is there a way to bulk import cost basis from a 1099-B form for items that are "Noncovered Securities"?

There is no way to import just the cost basis for stock transactions reported on Form 1099-B. You may choose to enter the sales totals by group rather than importing the detail transactions. See this article for more info: How do I enter a large number of stock transactions in TurboTax?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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