For stock sales (cash-in-lieu due to stock reorganization) with a missing cost basis. Do I enter $0 or the same as the cost basis to clear the error?

[sfvoyage]

The sales proceeds is only about $3. Not sure if I should enter $0 or $3 as the cost basis in order to clear the error. For the topic subject, I mean to write "Do I enter $0 or the same as the sales proceeds as the cost basis to clear the error?"

[DavidD66 · Accepted solution]

There is cost basis, but personally I just enter $0 since the amounts are so small.  I don't find it worth the time to figure it out.  And you're not going to get a letter from the IRS if you enter $3.