You can change it on your tax return when you enter the sale. The broker might not report the cost basis on the 1099B.
4 Replies
jim-bailey2016
New Member
Jun 6, 2019 7:41:40 AM
the basis was incorrect when it was transferred into my current brokerage account over 10 years ago
VolvoGirl
Level 15
Jun 6, 2019 7:41:43 AM
Have you sold it?
jim-bailey2016
New Member
Jun 6, 2019 7:41:44 AM
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
Jun 6, 2019 7:41:46 AM
You can change it on your tax return when you enter the sale. The broker might not report the cost basis on the 1099B.