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Level 1
June 4, 2019
Question

If my 1099-B Box 1e shows 'Unknown' for Cost Basis, what can I enter that will allow me to proceed? Payer shows 'Undetermined' as category for this item. What to do?

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1 reply

Level 2
June 4, 2019
I Keep records but you could look up the information on-line or make a reasonable assumption. E.g. look up the price of a stock on the day you bought it.