Re: Should I enter a cost basis of zero if I have a 1099-B that reports principal payments on a u...

Should I enter a cost basis of zero if I have a 1099-B that reports principal payments on a unit trust as sales, although the shares have not been sold.

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Yes, entering $0 would be the easiest way to report it. If you enter actual basis, you would have to adjust your basis in the shares.

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I made $910 dollars as a 1099, I haven't reported any taxes. First payment was in May, last in June. How do I file taxes for this?

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Should I enter a cost basis of zero if I have a 1099-B that reports principal payments on a unit trust as sales, although the shares have not been sold.

Should I enter a cost basis of zero if I have a 1099-B that reports principal payments on a unit trust as sales, although the shares have not been sold.

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Should I enter a cost basis of zero if I have a 1099-B that reports principal payments on a unit trust as sales, although the shares have not been sold.

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Should I enter a cost basis of zero if I have a 1099-B that reports principal payments on a unit trust as sales, although the shares have not been sold.

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