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New Member
posted Jun 5, 2019 3:20:55 PM

Reporting 1099-B info

I have a 1099-B automatically downloaded to my 2016 return from Fidelity with a transaction for which basis is not reported to the IRS and term is unknown.   Do I manually enter in the cost data and term or just submit on my return as reported from Fidelity.

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1 Replies
Level 15
Jun 5, 2019 3:20:56 PM

You MUST fill in the missing information otherwise the IRS assumes a zero basis and a short term sale which is not in your favor.