Undetermined B or E (basis not reported to the IRS)

It depends. They would be reported as a sale of investments and you would adjust the cost basis entry to include it in the sale entry. The income is minimal however it has been reported for the sales portion and you can reduce gain by entering the cost basis.

 

To enter your sale in TurboTax, follow these steps. 

1. Open or continue your return.
2. Navigate to the investment sales section:
   • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
   • TurboTax Desktop: Search for investment sales and then select the Jump to link. 
     • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
3. Answer Yes to the question Did you sell any of these investments in 2024? 
   • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
   • Click this link for more information. Where do I enter Investment Sales?

In 2008, Congress passed legislation which required brokers to report the cost basis for securities and mutual funds to both the investors and the Internal Revenue Service (IRS), effective tax year 2011

the difference between covered and noncovered shares is who keeps track of the cost basis.

• For covered shares, the financial organizations are required to report cost basis to both you and the IRS. 
• For noncovered shares, the cost basis reporting is sent only to you.

1099 - SUMMARY OF PROCEEDS, GAINS & LOSSES, ADJUSTMENTS AND WITHHOLDING

 

UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS

Total Gross proceeds invstmnt EXP...

 

They are listed in summary details under FEES and EXPENSES from UBS.

as -4.60

Yet, TT is listing each of these MONTHLY FEES as a positive number in Box 1d but listed in the summary as negative or expenses.

How shall I categorize them?