What do I use for a cost basis if my 1099-B does not even have a box for cost basis? The stock was acquired over 20 years ago and is only worth about $1500.
The stock was acquired over 20 years ago and is only worth about $1500.
What do I use for a cost basis if my 1099-B does not even have a box for cost basis? The stock was acquired over 20 years ago and is only worth about $1500.
Be sure to keep records and notes of what amounts you use and if not sure, be reasonable. If you cannot find the basis, you may have to use a zero basis and pay tax on the total proceeds.
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