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Level 1

Question

Do I enter 0 as cost basis on 1099-B section? The stock was sold this year but I received the stock through as an Employee bonus so I don't have a cost basis.

Forum|Forum|6 years ago
June 22, 2020
2 replies
17 views

The employee is no longer in business

TurboTax Premier Online

Level 15

If you have no records of the basis to refer to then your basis is zero.

Alumni - Champ

Did this bonus result in compensation included on your W-2? If so, the compensation, (assuming you paid nothing for the stock), is the basis for the GROSS amount of stock you received, before stock withheld or sold "for taxes."

If the company is no longer active and you sold before that event, you may actually have a capital loss to report here. As is often the case in this forum, that lack of substantive details makes the situation vague, at best.