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jenniferbkash
New Member

Can I submit my taxes with incomplete information from a 1099-B? I sold a mutual fund purchased in the 70s and no cost basis is available.

 
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Phillip1
New Member

Can I submit my taxes with incomplete information from a 1099-B? I sold a mutual fund purchased in the 70s and no cost basis is available.

Yes.

Reporting a sale without a cost basis will cost you more in taxes, but it will not cause you a problem for your return. 

View solution in original post

1 Reply
Phillip1
New Member

Can I submit my taxes with incomplete information from a 1099-B? I sold a mutual fund purchased in the 70s and no cost basis is available.

Yes.

Reporting a sale without a cost basis will cost you more in taxes, but it will not cause you a problem for your return. 

View solution in original post

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