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New Member

1099b sales of stocks and bonds

My 1099-b does not have a cost basis in line 1e of the summary but it does on

on the detailed page with box B checked.    Do I need to mail something in also because of this? 

Thank you,  E 

1 Reply
New Member

1099b sales of stocks and bonds

No, you will not need to mail anything in, unless the IRS asks for it.

Brokerage statements will not always report the cost basis and/or sales category, even if the information is available right on the 1099-B. The IRS is receiving the 1099-B information from the broker, but is relying on you to report the correct cost basis and category.

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