MarilynG
Expert Alumni
Expert Alumni

Business & farm

It is not unusual for a broker to report an incorrect Cost Basis on Form 1099-B, as they may not know the correct Cost Basis.

 

If you adjust the Cost Basis on your 1099-B entry, this is not a flag for an audit.  Save documentation for how you determined the correct Cost Basis.

 

Here's How to Enter 1099-B.

 

 

 

 

 

 

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‎April 5, 2022 7:31 PM
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