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Dean22
Level 1

UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS on ADR Dividends

Hello,

How do I report my listing on UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS as shown below?

image.png

I have determined that the listed item is actually a dividend I received.

My final Dividend was $550.74 after a "Sponsored ADR: Agency Processing Fee" of $14.5

TurboTax is saying that this is incorrect as there is no cost basis that is reported.

1 Best answer

Accepted Solutions
MaryM428
Level 6

UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS on ADR Dividends

This is a dividend and there is no cost basis reported.  On TurboTax enter zero for the cost basis. 

View solution in original post

1 Reply
MaryM428
Level 6

UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS on ADR Dividends

This is a dividend and there is no cost basis reported.  On TurboTax enter zero for the cost basis. 

View solution in original post

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