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dias001001
Returning Member

How do I report the data on my tax return when the Form 1099- B show the basis as being missing?

Subscriptions to the account were made on a monthly basis over many years in varying amounts and I do not have a log of the amounts.
4 Replies
dias001001
Returning Member

How do I report the data on my tax return when the Form 1099- B show the basis as being missing?

 
LeonardS
Expert Alumni

How do I report the data on my tax return when the Form 1099- B show the basis as being missing?

If the statement from your broker does not have the cost basis then you will have to determine the cost basis.

 

This link to the TurboTax help page How do I find a stock's cost basis if I don't know when it was purchased? has information that you may find useful.

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dias001001
Returning Member

How do I report the data on my tax return when the Form 1099- B show the basis as being missing?

Subscription to the fund were made on a monthly basis through payroll deductions, as a result I did not receive any documentation showing the number and price of the shares. As a result, the answer does not help me.  

JohnB5677
Expert Alumni

How do I report the data on my tax return when the Form 1099- B show the basis as being missing?

Since these were payroll deductions you should be able to get a record of it.  Do you still work at the same company, or do you have access to their HR department.  They may be able to give you additional details.

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