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Get your taxes done using TurboTax
It is reported in the 1099-B under OTHER TRANSACTIONS - Cost basis not reported to IRS - Form 8949, (X) section.
What would be the cost basis and proceeds? As mentioned, Cash/Lieu proceed12.40 and N/A on the cost basis. Usually, on the other transaction reported to the IRS, they have a Sale with that proceeds and cost basis with the Date acquired & sold.
I'm still not clear why my actual cost basis $1410 is not mentioned
March 17, 2024
2:39 PM