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dadadidi123
New Member

1099-B details for rights stock sold what is the cost basis or date acquired if shows quantity=0??

1099-B Shows Quantity = 0, column 1d shows amount $69.93 Additional information shows Gross Proceeds. All other columns are blank except the date sold. I called the trading company. They said the company sold 712 RIGHTS @ .0978 = 69.63. What to enter for Turbo Tax for Date Acquired? and Cost or other basis

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Accepted Solutions
MinhT
Expert Alumni

1099-B details for rights stock sold what is the cost basis or date acquired if shows quantity=0??

For stock rights sold, the cost basis is 0 and the date acquired is the same date you sold them.

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1 Reply
MinhT
Expert Alumni

1099-B details for rights stock sold what is the cost basis or date acquired if shows quantity=0??

For stock rights sold, the cost basis is 0 and the date acquired is the same date you sold them.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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