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Get your taxes done using TurboTax
Box 1e for cost or other basis is the amount of money you have in the shares, such as the price you paid for them. The basis will be subtracted out of the proceeds in Box 1d, to get the gain, or profit to be taxed. Metlife should be able to give you the basis. If you purchased the shares in different batches, they may have a different basis for ones purchased at one time from another. If they are all from the same date, you can use a tool such as the Nasdaq Historical Data to look up the purchase price on that date.
Yes, if you held it longer than one year, it will be considered long term gain or loss for Box 2.
Box 3 is often blank and only checked if it was reporting a sale of collectibles or if it was a Qualified Opportunity Fund.
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March 3, 2023
10:24 AM