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susancmadden
March 30, 2025
Question

If 1099-B says "basis is not reported to IRS" do I need to fill out the info on Turbo?

  • March 30, 2025
  • 1 reply
  • 0 views
what to d with 1099-B?

    1 reply

    SusanY1
    SusanY1
    March 30, 2025

    If there is a basis listed, but the form indicates it was not reported to the IRS you will need to list each sale individually into the program and indicate that basis was not reported. 

    If the basis is not reported and is also blank then you will need to input the basis from your own records. 

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