My etrade corrected 1099b has WHFIT written stmt with negative cost basis adj per mo. i can't tell if it went anywhere on my taxes on the upload. what do i do with this?

[GeorgeM777]

Not sure what you need to do with this information.  WHFIT means Widely Held Fixed Income Trust and the Trustee must report certain information to each Trust Interest Holder (TIH). The information required to be reported to each TIH includes, but may not be limited to, non-pro rata partial principal payments, trust sales proceeds, redemption asset proceeds, redemption proceeds, the sales asset proceeds, and the sales proceeds that are attributable to a TIH for the calendar year on Form 1099-B.

To better understand your tax situation, we may need some additional information from you.  For example, in 2022, did you own a WHFIT?  If yes, did you sell the WHFIT during 2022?  Other than what you have already provided, what information about the WHFIT is on your 1099-B, i.e. interest, dividends?  Also, if you could provide the name of the WHFIT, that may also help us.

[navens]

I  have a similar problem, and maybe you can help.  This is all through an investment advisor, I didn't do any purchasing/selling on my own.  But the TDAmeritrade1099 lists a line with Undetermined proceeds (0.59 total) for zero (quantity) of SGOL, and cost basis listed as zero.  Footnote says it is a principal payment, with cost basis factor listed.  In Fees/Expenses details of 1099, it lists this as  "-0.59" (negative value) with notation as  "gross proceeds investment expense".   And yes, there was also a short term sale of 118 shares of SGOL as well, listed separately.  I know how to report the 118 share sale, but what do I do with this $0.59?

[RobertB4444]

Report it as a sale with a basis of zero and proceeds of one dollar.  The fees aren't deductible, unfortunately.

@navens 

[navens]

Thanks for the info!!