On the 1099B statement where it says Cash Basis does that mean that they have that amount of money in their account?

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On the 1099B statement where it says Cash Basis does that mean that they have that amount of money in their account?

No, cash basis is generally what you paid for that particular stock. TurboTax uses that amount to figure if you have a gain or a loss when you sell the stock.

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What is the definition of cost basis?
How do I find a stock's cost basis?

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On the 1099B statement where it says Cash Basis does that mean that they have that amount of money in their account?

No, cash basis is generally what you paid for that particular stock. TurboTax uses that amount to figure if you have a gain or a loss when you sell the stock.

Related information: