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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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.

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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.

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