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posted Apr 17, 2022 2:08:37 PM

I have a question regarding my 1099 B form

If one buys stk in one brokerage acct and later sells in a diss brokerage acct the 1099b recd from the broker where I sol doesn’t have a record of the cost basis therefore doesn’t record my loss

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2 Replies
Level 15
Apr 17, 2022 2:15:23 PM

If a cost basis is not given on the 1099-B you can report what that basis is from your own records. 

Expert Alumni
Apr 17, 2022 2:24:46 PM

Your records of when you purchased the stock will have a cost basis for the stock.  You will use this cost basis when you are entering the sale data from the selling broker.

@drueda26