I have a delisted stock that I just cashed out of. I got a whole $7. On the 1099 B, it says that there is no date for when it was acquired and no cost basis. The stock was delisted in 2016. How should I report it on the 1099 B? It is listed on the part as not covered securities and information not provided to the IRS Form 8949 Box F. Do I even have to report this sale? When I imported the information from Charles Schwab, it imported it into turbotax. So, I'm assuming I have to report it but how if it has so many problems? Turbotax live flagged the no date when acquired and no cost basis. But that is what is listed in the 1099 B. Also, when the stock delisted, my basis was gone. So I am assuming that I cannot claim the loss. Is that correct? For anyone who cares the stock was Linco, LLC and the ticker was LNCOQ. It was delisted in 5/24/2016. The cost basis for the original undelisted stock was over $8000. Am I correct to assume I cannot just import that cost basis over? Thank you for any thoughtful and knowledgeable answers.
