Get your taxes done using TurboTax

"Do I need to send this 1099-b in with Form 8949 to the IRS?"

No, they have their own copies.

You can select either Box E or Box X, it makes no difference.

Just put in any date that's 15 years ago as the date acquired.  If you know your basis enter that in the basis box, if you don't just enter $0.  For that little amount of proceeds it's really not worth the effort to try and come up with a correct basis, unless you can somehow support a huge capital loss.

So you'll end up with a description of what was sold ("Company X Stock"), the date of sale, the proceeds, the date acquired and the cost basis.  That's all you need enter.  Select Box E or Box X and you're done.

Tom Young


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