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Employee Stock Ownership Plan (ESOP) from 1980's. No cost basis shown in Box 5, 1099-B.
Last year I sold all shares I got from an ESOP program with GE. I have had these shares since I quit the company in the 1980's. Cost basis is listed on partial shares that were dividends since 2011, but a significant amount is shown in Box 5 as Non-covered securities with no cost basis shown. Must I report all this income from sales and show zero basis? This results in significant tax.
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‎February 29, 2024
3:49 PM