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ce-jonese
Level 3
March 5, 2020
Solved

On a 1099-B does info need to be entered if it says basis "is reportrd" to IRS, or "is not reported"?

  • March 5, 2020
  • 7 replies
  • 39 views

On a 1099-B does info need to be entered in the tax return, if it says basis "is reportrd" to IRS, or "is not reported"? Please, How to handle?

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Best answer by ce-jonese

Hi Lisa!  Thank You!  You said every 1099-B needs to be entered?  If the basis IS or IS NOT reported to IRS.  I appreciate your help!

7 replies

Just-Lisa-Now-
Intuit Community Champion
March 5, 2020

All transactions need to be reported.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
ce-jonese
ce-joneseAuthorAnswer
Level 3
March 5, 2020

Hi Lisa!  Thank You!  You said every 1099-B needs to be entered?  If the basis IS or IS NOT reported to IRS.  I appreciate your help!

Just-Lisa-Now-
Intuit Community Champion
March 5, 2020

All transactions need to be reported on the clients tax return, whether the basis has been reported to IRS or not.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪