You'll need to sign in or create an account to connect with an expert.
The gross amount of payments is your "proceeds". What did you report as your "cost" ?
Since you did not report your cost basis on the original return they don't have it ... so to respond to the IRS notice you will need to amend your return and send in the corrected form 8949 & Sch D. Read the notice carefully for the directions to respond.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
HypotheticalQuestions
Level 1
bluemoon
Level 3
SandyG19
Level 2
Deysi15
Level 1
user17569101930
New Member