I am looking at my Gainskeeper 2014 1099-B via Ameritrade.
One item confuses me:
Box B and Box E - transactions reported on Form 1099-B showing basis was not reported to the IRS.
This includes my sale of 400 sh. of a stock that I held for 12 years. It actually lists the cost basis (I also have my confirmation slips). I sold it at a loss of $1900.
When I import this into TT, how do I handle it?
Will the loss show up as part of my Sched D. or will I have to do something?
Mel
I had one that 14 years old. When I imported the 1099-B from Schwab, that one transaction showed up on Form 8949 (Copy 2) where Part II Box E was checked. That means the cost basis was not reported to the IRS but the cost basis is carried to Schedule D from Form 8949. In my case the "Proceeds" and "Cost" were carried to Schedule D so I did not have to do anything.
Ignore this post. It works fine. Mental brain fart!
Mel
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