edmfrustrated
Returning Member

1099-B gains/loss

So in researching this please help me in my thinking.  I am assuming that if the box 1e cost is less than 1d net proceeds that means that the gain/loss box amount is a gain.  Is that correct?  If it is then from my research, I need to put that gain in interest income and add the same amount onto the 1e cost amount  and put that in the box for 1099-b info.  Is that correct?  Thank you for your help as we are all working to get this done.