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dq55
New Member

Received a 1099B 2 weeks after filing taxes. Sale was a wash, sold for what I paid. This was a tax free bond (state owned utility). Do I need to file amended return.

 
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KarenJ
Intuit Alumni

Received a 1099B 2 weeks after filing taxes. Sale was a wash, sold for what I paid. This was a tax free bond (state owned utility). Do I need to file amended return.

You should amend your return.  If the IRS does not have the basis amount, they will tax you on the sale and assume zero basis.

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KarenJ
Intuit Alumni

Received a 1099B 2 weeks after filing taxes. Sale was a wash, sold for what I paid. This was a tax free bond (state owned utility). Do I need to file amended return.

You should amend your return.  If the IRS does not have the basis amount, they will tax you on the sale and assume zero basis.

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