1099 B question

Forum|Forum|4 months ago
April 8, 2026
1 reply
88 views

1099B issued does not list a cost basis or date acquired. It must be a non-covered security because box 5 has an X. This is a fractional sale of a spinoff. I have the date of the spinoff. Turbo Tax does not list fractional sale as an option.l

JamesG1

Level 15

If your investment records do not report a cost basis, elect $0 as the cost basis.

Report the date acquired from your investment records.

Select LT/ST basis not reported to IRS (noncovered).

For What type of investment did you sell, select Stock (non-employee).

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1099 B question

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