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T
tianwaifeixian
April 4, 2021
Question

Got an error for missing cost basis

  • April 4, 2021
  • 1 reply
  • 0 views

I imported my 1099 forms from ML investment account in turbo tax. When I performed the check, it told me there are 2 errors, both are due to missing cost basis. But the problem is, the 1099 B , there is no cost basis for this transaction (see below snapshot for the 1099B, the cost basis for the second line is N/A. Just wondering, should this whole portion be imported to the 1099 B worksheet at all in turbo tax? Can anyone help? I can't find anything in my ML account. How can I fix this error?

 

 

Here is what I see in TT:

1 reply

N
NCPERSON1
April 18, 2021

it is probably from a fractional cash share from a stock split or other distribution.

 

you can either figure out what the cost basis is based on the date you originally purchased the stock or just put in $1 and move on.  

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