Brokers are required to report redemptions of assets as sales even if the amount is a return of principle.
Any amount listed as gross proceeds on a 1099-B must be reported by you on your tax return.
To report these transactions, use the dates and gross proceeds from the 1099-B. For the basis, use the same figure as the gross proceeds. This will allow you show the gross proceeds, but the net gain will be $0.
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