mwallin2
New Member

On 1099-B from Fidelity, what if my Box 1b and 1e are listed as UNKNOWN?

 
re2boys
Level 9

Retirement tax questions

It means that the purchase date and cost basis of that particular security  you sold within 2018 is unknown to Fidelity.  You need to provide that information from your own records.

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mwallin2
New Member

Retirement tax questions

Does it mean that it is unknown to Fidelity or that it just did not make it to the 1099-B?
re2boys
Level 9

Retirement tax questions

Unknown to Fidelity.  Not uncommon if you changed brokerage firms and the security was purchased before I think 2011.
mwallin2
New Member

Retirement tax questions

Was purchased before 2011 as the stocks put in our account were a gift from family. We have no idea when the original purchase date is.
re2boys
Level 9

Retirement tax questions

Need to ask the person who gifted you the stock as to original date and cost basis of this gift.  The givers cost basis remains with the stock gift.  Cost basis is more important than date.  You can provide a good faith estimate of date.
Or was the stock an inheritance?
mwallin2
New Member

Retirement tax questions

No not an inheritance was a gift.
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