I have 1099B's from another state i had no prior knowledge of this stock. how should file? my e-mail is xxxxxxxx@xxx.xxx

Forum|Forum|6 years ago
January 29, 2020
5 replies
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DavidD66

Level 15

Where the 1099-B's are from has no relevance to your tax returns. What matters is when you lived when you received any income reported on them. For instance, if you were living in Georgia the first half of the year, any interest, or dividends paid during that period would be taxable by Georgia. If you then moved to Florida, the dividends, interest, capital gains, etc. your received during the second half of the year would not be taxable for state tax purposes, as Florida has not state income tax. If you were living in the same state all year, then just enter the 1099-B's in your return.

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jibaro10Author

Level 2

Thanks for the reply but I was not clear in my question,i would like to know how I report unclaimed funds

that came with a 1099B

DavidD66

Level 15

Unclaimed funds or investments you received from a brokerage would not be taxable; however, if they were sold then you would have to report the sale. You will need to determine a cost basis. If you can't determine the cost basis, you can use zero. Your holding period would long term, and for date of acquisition, you can use various. If this doesn't answer your question, try being more specific and provide some details.

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