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April 8, 2022
Question

The date acquired and the cost basis are unknown on myn1099-B. What should I do?

  • April 8, 2022
  • 1 reply
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1 reply

Employee
April 8, 2022

If you know that the asset was acquired more than a year before it was sold enter any date before that time to make the sale long term. The cost basis is more difficult. You could ask your broker for help if you have no documentation. If you can’t support a reasonable basis the IRS assumes that it is zero.