KrisD15
Expert Alumni

Retirement tax questions

"Basis" is what you paid, or your "value".

What you sold it for less your cost is your gain (or loss if you sold it for less that what you paid for it).

 

Although your 1099-B says the basis was not reported, the IRS still wants it. Since it wasn't reported by the Broker on your 1099-B, it's up to you to report it on your tax return. 

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