No prompt to make cost basis adjustment after indicating incorrect cost basis

[santosh3]

I have a transaction for which the cost basis is wrong. In the past, the right way to do this was to click the box saying cost basis is wrong, but leave the wrongly reported cost basis on the initial page. Then later (maybe next page), you get the option to put in the corrected cost basis.

I am not seeing this option this year, at least for this particular transaction. On the next page, I am asked about a bunch of Situations such as "Is this an ESOP", "Is this a worthless security" etc. When I select None of these apply, it just finishes the transaction without the option to enter the correct cost basis.

One issue may be that the "Date Acquired" is listed as Various on the 1099 since the shares are from a spinoff. I don't know if that is the reason I am not getting a prompt.

[JohnB5677]

The option to indicate that the cost basis is incorrect still exists.  

In the Premiere Desktop/CD version you have to 

1. Continue past the entry area
2. Any of these less common items > Done
3. Was this a sale of employee stock > No > Continue
4. Select any less common adjustments to apply
   1. The third check box is The cost basis on my statement is incorrect

In the Online version

1. It is on the input screen just below 
   1. Box 1e - Cost or other basis
2. The cost basis is incorrect or missing on my 1099‑B

[santosh3]

Hello, your suggestion does not work. I check the "The cost basis is incorrect or missing on my 1099‑B" box. Then I hit next, and I get the following options. Since none of these apply, I select "None apply" which results in the online version just ending/completing the transaction without further prompts.

It seems like there should be a "The cost basis on my statement is incorrect" option in the online version like the CD version, that is missing?

I paid sales expenses that aren't included in the sale proceeds reported on the form Learn more
Box 2 of my 1099-B has "ordinary" checked Learn more
I need to correct the holding period Learn more
This was a small business stock Learn more
This was a worthless security Learn more
This was a stock to an employment stock ownership plan (ESOP) or eligible worker–owned cooperative (EWOC). Learn more
None of these apply

[GeorgeM777]

Try leaving the box None of these apply, blank.  Press Continue, the next page should be We noticed there's an issue with your cost basis...Let us know if you'd like to make any changes.

The page where you enter your stock information, select the box The cost basis is incorrect or missing on my 1099-B.  

The above steps relate to the TurboTax online version.  

@santosh3

[Bruski]

I have a related issue.

I have a stock sale with a reported cost basis.

I need to change the cost basis to zero.

I check the box for "The cost basis on my statement is incorrect"

I input a cost of 0.00 and value is accepted but ultimately turbotax premier includes the original reported cost basis in all calculations.

If the  cost basis is not reported and I change it to a value in using the cost basis is incorrect box it works....

[CarissaM]

Please try to input it with just a 0, no decimal points. 

Please let us know if this does not work.  @Bruski