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Retirement tax questions
Brokerage statements will not always report the cost basis and/or sales category. The IRS is receiving the 1099-B information from the broker, but is relying on you to report the correct cost basis and category.
For unreported cost basis:
Make a reasonable estimate, based on old trade confirmations or historical prices from a source such as www.finance.yahoo.com
For unreported sales category:
If you held the security less than one year, use code C (short-term, not reported)
If you held the security more than one year, use code F (long-term, not reported)
‎June 6, 2019
4:31 AM