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tuser-2020
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Which Cost Basis number do you use to report 1099-B (1d or 1e)?

When reporting 1009-B form to IRS, which value should we be using for the Cost Basis? Do you use "1d - Proceeds & Reported Gross or Net" or "1e Cost or other basis"? I recently received CP2000 form from IRS which says the reporting was incorrect

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3 Replies

Which Cost Basis number do you use to report 1099-B (1d or 1e)?

Cost or other basis is cost basis. 

Anonymous
Not applicable

Which Cost Basis number do you use to report 1099-B (1d or 1e)?

don't know what you are looking at. 

 

in TT and broker statements  1d is sales price/proceeds and 1e is cost.  

Which Cost Basis number do you use to report 1099-B (1d or 1e)?

This is an odd question since you found the column on your 1099-B labeled cost basis.

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