What do I do if I have a limited amount of information on my 1099-b?

kajomy360 · ‎March 23, 2020

JotikaT2 · ‎March 23, 2020

Are you saying you don't have all of the information needed to prepare your return?

A lot of times you may not have the cost basis on your 1099-B. You have a few options here.

Contact your investment brokerage to see if they have the information
Check your year-end statements. A lot of times more detail is provided there than what is reported on your 1099-B.
Did you receive statements when investments were purchased? This may be an option if you do not have a lot of sales.

See the attached link for additional way to obtain your basis.

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