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MISSING BASIS ON 1099-B

AURORASKY
Level 1

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?

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Just-Lisa-Now-
Level 15
Level 15
They need to dig up the purchase records or get the broker to help them find the basis or the basis is zero.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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4 Comments 4
IRonMaN
Level 15

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


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15
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
Level 10
Level 10

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

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Just-Lisa-Now-
Level 15
Level 15
I see statements that says Basis is Unknown or Unavailable

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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