- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The 1099-B shows covered (company knows the cost basis) and noncovered (company has no knowledge of the cost basis) stock transactions.
You should enter the correct cost basis you know you have to complete the correct gain or loss on your sale/transaction.
It is normal for some transactions to have no cost basis when the company does not have all the data from purchase to sale. This can happen when a person changes financial agents for example.
There is no issue to be concerned about when entering the correct data.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 17, 2022
1:20 PM