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Assistance with 1099-B for 2017

I am late on my 2017 taxes and have been having a hard time entering in information for a 2017 1099-B form I had gotten from Publix Super Markets.

I don't see any where on the 1099-b where to put my cost or other basis although I there was a cost basis for these stocks is this information necessary? It looks like it is because Turbotax won't let me complete the form without entering this in. How do I figure this out??!!

Also for Sale category I don't know to choose A,B,C,D,E or F...It looks like I choose F since I held the stocks for more than a year before I sold them and that's what Turbotax indicates for me to choose. Is this correct?

Also, there's no where on the 1099-b that lists my Total adjustments to gain or (loss) is this information necessary?

Reply to
maxed_out41
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The requirement for financial institutions to report the basis depends on when the securities were acquired. It's a requirement that was phased in over a few years.

Apparently, you're using TurboTax. Intuit has a forum for TT where this post (and others) on the topic are found:

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It might or might not apply to you, depending on the timing of the acquisitions.

Reply to
zvkmpw

contact IRS & ask! or, check IRS on line first to get/get authentic form

Reply to
Mathedman

TurboTax's 1099-B doesn't correspond exactly to the form you received. Some of the information, like cost basis, comes from your records if you bought the stock before brokers were required to keep track of cost basis for you (I think that started about 5 years ago).

Yes.

This would generally be reported to you in an attachment to the 1099-B if relevant. I don't think it's common.

Reply to
Barry Margolin

Why did you get a 1099-B from Publix Super Markets? They're a supermarket chain, not a stock broker. Is this stock that you purchased through an employee stock purchase plan or stock options? Or did you mean that you got the 1099-B from a broker for selling Publix stock?

Category F is for sales that were NOT reported on a 1099-B. If you got a 1099-B, you don't use category F. If the 1099-B is from a broker it should tell you which category to use. For a long-term sale reported on a 1099-B, the category is either D or E, depending on whether or not the broker reported the basis to the IRS.

Bob Sandler

Reply to
Bob Sandler

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