- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You do need to check the box so your investment sale income is properly reported. Your 1099-B form indicates that your cost basis is $0 whereas it should be $416.12. If you leave it as $0, more of your income is being treated as capital gain income rather than ordinary income, so the tax is lower. But if the actual cost basis is $416.12, you need to report it as such on your tax return. @skylinegtr2022
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 14, 2023
10:06 AM