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How can I file without the "Date Aquired" and "Cost Basis" in my mutual fund?
This information is shown as "unknown" on my FORM 1099-B. It is not on the statement either. I will likely not be able to get this information. How can I move forward?
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posted
June 6, 2019
4:43 AM
last updated
June 06, 2019
4:43 AM
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How can I file without the "Date Aquired" and "Cost Basis" in my mutual fund?
For date acquired, type various in the box. As for your basis, I suggest contacting the mutual fund company or brokerage firm for help in determining your basis. As a last resort, you can enter zero for a basis, subjecting the full proceeds to taxes.
June 6, 2019
4:43 AM
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How can I file without the "Date Aquired" and "Cost Basis" in my mutual fund?
It is your job to track your basis in a mutual fund.
See IRS Pub 550 Investment Income and Expenses
page 44 Table 4-1 for a sample table showing
the basis records that you should have been maintaining.
The text in that section describes how to track your basis over time.
June 6, 2019
4:43 AM
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