Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
C
cher52
March 23, 2025
Question

1099B

  • March 23, 2025
  • 1 reply
  • 0 views

regarding a non-covered security & not knowing the cost basis(box1a) or date acquired (box 1b)...I only know the date of sale (box1c) and quantity and proceeds (box 1d).....what do I enter in these columns

    1 reply

    fanfare
    fanfare
    Employee
    March 23, 2025

    once holding period for the shares is determined (Box B or E), you can enter "various" for date acquired within that holding period.

    IRS says:

    "For non-covered securities ( BOX B or E) showing zero (wrong) basis, enter the correct basis yourself.
    Use code "B" and put -0- in col (g)."

    TurboTax will do this if you tell it to with "I have a basis issue"

    .@cher52 

     

     

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification