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April 1, 2025
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Is there a way to bulk import cost basis from a 1099-B form for items that are "Noncovered Securities"?

  • April 1, 2025
  • 1 reply
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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
    Best answer by PatriciaV

    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?

    1 reply

    PatriciaV
    PatriciaVAnswer
    Employee
    April 8, 2025

    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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