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Level 1
April 9, 2022
Solved

MISSING BASIS ON 1099-B

  • April 9, 2022
  • 3 replies
  • 11 views

My client has a 1099-B with missing basis that was not reported to IRS.  The cost basis location will not take words.  How do I enter this on his return?

This topic has been closed for replies.
Best answer by Just-Lisa-Now-
They need to dig up the purchase records or get the broker to help them find the basis or the basis is zero.

3 replies

IRonMaN
Level 15
April 9, 2022

You need someone to do some homework to determine the amount of cost to enter

Slava Ukraini!
Just-Lisa-Now-
Intuit Community Champion
April 9, 2022
They need to dig up the purchase records or get the broker to help them find the basis or the basis is zero.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
dd4vols
Intuit Community Champion
April 9, 2022

Heck, I'm kinda wondering what words you wanted to insert there?

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Just-Lisa-Now-
Intuit Community Champion
April 9, 2022
I see statements that says Basis is Unknown or Unavailable
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪