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B
BAZ2
March 11, 2023
Question

Form 1099 B with box B and another with Box E marked.

  • March 11, 2023
  • 2 replies
  • 0 views

Form 1099B has no date acquired or cost.  Only states date sold and proceeds. 

I can tell what is short and long term but what do I do about dates acquired and the cost basis?

Thank you

    2 replies

    B
    Bsch4477
    Employee
    March 11, 2023

    Enter a date that makes the asset short or long.  You must provide a reasonable determination of cost basis or the IRS will consider it to be zero. Web sites with historical data or your broker may be able to help you. 

    M
    Mike9241
    March 11, 2023

    why don't you know that info? it may make a difference in what we suggest you do 

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