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jim-bailey2016
New Member

How do I change a stock's basis

 
1 Best answer

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VolvoGirl
Level 15

How do I change a stock's basis

You can change it on your tax return when you enter the sale.  The broker might not report the cost basis on the 1099B.

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4 Replies
jim-bailey2016
New Member

How do I change a stock's basis

the basis was incorrect when it was transferred into my current brokerage account over 10 years ago
VolvoGirl
Level 15

How do I change a stock's basis

Have you sold it?
jim-bailey2016
New Member

How do I change a stock's basis

No, but I intend to sell it this tax year.  Don't know if the brokerage firm (Fidelity) could/would alter or if there was another approach via the tax return filing.  Thanks.
VolvoGirl
Level 15

How do I change a stock's basis

You can change it on your tax return when you enter the sale.  The broker might not report the cost basis on the 1099B.

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