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posted Jun 22, 2020 12:46:01 PM

Do I enter 0 as cost basis on 1099-B section? The stock was sold this year but I received the stock through as an Employee bonus so I don't have a cost basis.

The employee is no longer in business

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2 Replies
Level 15
Jun 22, 2020 1:32:23 PM

If you have no records of the basis to refer to then your basis is zero. 

Level 13
Jun 22, 2020 5:39:13 PM

Did this bonus result in compensation included on your W-2?  If so, the compensation, (assuming you paid nothing for the stock), is the basis for the GROSS amount of stock you received, before stock withheld or sold "for taxes."

 

If the company is no longer active and you sold before that event, you may actually have a capital loss to report here.  As is often the case in this forum, that lack of substantive details makes the situation vague, at best.