My 1099-B contains a section called "Noncovered Securities with Undetermined Holding Period". It is five small amount items that to my understanding refers to the selling of gold securities to cover monthly investment expenses. All that is listed is the date of each, the amount which shows under the "Proceeds" column, and quantities of zero. No other data is listed. I download the 1099 data from my brokerage firm so that will come down with it. What will TurboTax do with it? There was no gain or loss as it is basically a fee for holding the gold.
EDIT#1: I was able to download the 1099-B from my brokerage firm. These items appear on the Capital Gains (Loss) Adjustments Worksheet. It apparently is asking for a cost basis (as that box is highlighted) for which there is none. It assigns a code of "B" (short term which is correct as the gold was purchased in 2020). These amounts do not exist on Schedule D or anywhere else I can determine.
EDIT#2: The amounts are appearing in the 1099-B Worksheet. This sheet contains a flag indicating there is an error although there is nothing in the detail. There is a note that "sales are missing info". So how do I remove the error?
JohnD
