Question

Cost basis

Forum|Forum|2 years ago
February 23, 2024
1 reply
0 views

If some transactions say cost basis reported to IRS and some have not been reported how do I answer question of was cost basis reported to IRS in TT Business

TurboTax Business Windows

B

BillM223

I don't understand the issue. Are you saying that you know that some transactions had the cost reported to the IRS and others didn't, but you don't know which ones were which.

Note that a transaction that is "covered" is a transaction where the cost or basis was reported to the IRS, otherwise, the transaction was "not covered".

Are you trying to aggregate transactions?

Does that help?

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