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M
monkeyfi
June 5, 2019
Question

Reporting 1099-B info

  • June 5, 2019
  • 1 reply
  • 0 views
I have a 1099-B automatically downloaded to my 2016 return from Fidelity with a transaction for which basis is not reported to the IRS and term is unknown.   Do I manually enter in the cost data and term or just submit on my return as reported from Fidelity.

1 reply

Critter
Critter
Employee
June 5, 2019

You MUST fill in the missing information otherwise the IRS assumes a zero basis and a short term sale which is not in your favor. 

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