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Question

Need steps for entering the non-covered stock sale cost basis.

Forum|Forum|1 year ago
March 22, 2025
1 reply
0 views

I need the exact steps to enter non-covered stock sale cost basis. I have received my 1099 b and it shares the accurate proceeds and I have my cost ready to enter. My box E is empty. and there doesn't appear to be a box to check to reflect that. If I click "adjust" and enter my cost, it adds it to my proceeds. I

Employee

?? If you can enter the proceeds, the entry for cost should be right next to it.

JD5353Author

My 1099B costs are old cost. The stock was moved to a different brokerage company way back. Not by my choice. The cost is blank. I know the cost but am not able to find how to enter it. According to directions you can only put what is on your 1099B. I have valuable cost basis that need to be reported to help bring down the proceed gains. Thanks

Employee

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 supports this rule last time I tried it.