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Get your taxes done using TurboTax
@marnoldy14 Yes, you can use the steps outlined to enter the 1099-B in your return.
Click this link for info on How to Enter 1099-B.
If you claim a Cost Basis of $0, you probably will not hear from the IRS, as you are paying taxes on the entire sales amount.
Or, you could try to look up the Cost Basis of the Stock when your wife received them as a baby.
Click this link for more info on Taxes on Found Property.
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‎February 24, 2021
3:52 PM