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I have 1099-B with no cost basis or date acquired info listed. The proceeds were only $2.01. How do I figure out what to put in these two boxes?
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June 4, 2019
12:46 PM
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Deductions & credits
Enter a cost basis of Zero dollars and make up date as best as you can remember. Then you will simply pay the income tax on the $2.01, which won't be much considering the headache you will go through otherwise. The IRS won'r ding you because you are not screwing them out of any tax money.
June 4, 2019
12:46 PM