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February 16, 2025
Question

I have a 1099-B Proceeds from broker and barter exchange. I do not understand how to report this.

  • February 16, 2025
  • 1 reply
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It's noted as basis is not reported to IRS but I have 4.97 in column 1d which is reported.

    1 reply

    fanfare
    Employee
    February 17, 2025

    "It's noted as basis is not reported "

     

    if your document says not reported, it will also instruct you to mark Box B or Box E on your Form 8949.

     

    IRS says:

    For non-covered securities ( BOX B or E) showing zero ( or wrong) basis, enter the correct basis yourself.
    Use code "B" and put -0- in col (g).