Skip to main content
March 22, 2023
Question

Financial inst 1099-B breaks out stock sale proceeds bt covered & uncoverd securities.Turb tax appears to lump cost basis together in box 1a. is that right?

  • March 22, 2023
  • 1 reply
  • 0 views
No text available

1 reply

AmyC
Employee
March 22, 2023

No, that is not right. Each transaction should have imported to stand on its own. Box 1a is a description of what was sold. Box 1e is the cost basis for that particular transaction matching box 1a.  You state that there is a breakdown between covered and not, that really implies more of a breakdown than everything being lumped together.

 

Items can be grouped and entered manually but that would be user entry.

 

If you are using the online version, you may have a piece of data stuck. For stuck information follow these steps:

  1. Delete the 1099-B form, see How to Delete  
  2. Log out of your return and try one or more of the following:
    • Don't use Internet Explorer.
    • Clear cache and cookies,
    • Sign in using a different browser.
    • Sign in using a different device.
  3. Log back into your return.
    • Enter the form 1099-B again.
**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"