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February 15, 2021
Question

1099-b (non-covered transaction not reported to IRS), need to enter original cost of securities --- HOW THE HECK DOES ONE DO THIS???

  • February 15, 2021
  • 1 reply
  • 0 views
when I check adjust total cost and enter a negative number in the total adjustments to gain or loss (and check boxes B & E) - it shows up as adjustment NOT change in Cost Basis????   Is a 8949 generated --- how would I know if it is accurate?
and how would the system know what is cost basis correction and what are sales costs??

1 reply

fanfare
Employee
February 15, 2021

to report actual basis from your own records, tell turbotax you need to change the basis.

TurboTax will put in code B for you.