topic On 1099-b form my cost basis is blank, what should I put? I cashed out a small account I have had since I was a child and the amount of 1,083.68 doesn't have a cost basis in Investors & landlords

On 1099-b form my cost basis is blank, what should I put? I cashed out a small account I have had since I was a child and the amount of 1,083.68 doesn't have a cost basis

jaredc-remax — Thu, 06 Jun 2019 05:24:40 GMT

ToddL — Thu, 06 Jun 2019 05:24:42 GMT

If you enter "0" as the cost basis, you will owe tax on the entire amount of proceeds (long-term capital gain).

If you can make a good-faith estimate on what was paid for the securities you sold, it will lower your tax on the proceeds.

You can research this online. One option is the Yahoo Finance website at: http://finance.yahoo.com/q/hp?s=YHOO

You will have to enter the stock symbol (“Get Historical Prices for: _________), and a date range.

This article provides additional information that might be helpful:

AnwarR1212 — Thu, 16 Feb 2023 19:06:08 GMT

what if my proceeds are negative, what should I then put in for my cost basis?