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New Member
posted Jun 6, 2019 7:41:38 AM

How do I change a stock's basis

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1 Best answer
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.

4 Replies
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

Level 15
Jun 6, 2019 7:41:43 AM

Have you sold it?

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.

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.