You'll need to sign in or create an account to connect with an expert.
Yes. The IRS will receive a copy of the 1099 and will seek the capital gains from you because they will not have the cost basis.
Yes. The IRS will receive a copy of the 1099 and will seek the capital gains from you because they will not have the cost basis.
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.
ponsuke
New Member
HollyP
Employee Tax Expert
airdisc
Level 1
abhijaypatne
Level 2
abhijaypatne
Level 2