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Level 2
April 17, 2022
Question

I have a question regarding my 1099 B form

  • April 17, 2022
  • 2 replies
  • 0 views
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

2 replies

Level 15
April 17, 2022

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

LeonardS
Level 14
April 17, 2022

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

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