topic Which Cost Basis number do you use to report 1099-B (1d or 1e)? in Investors & landlords

Which Cost Basis number do you use to report 1099-B (1d or 1e)?

tuser-2020 — Sat, 05 Sep 2020 18:38:39 GMT

When reporting 1009-B form to IRS, which value should we be using for the Cost Basis? Do you use "1d - Proceeds & Reported Gross or Net" or "1e Cost or other basis"? I recently received CP2000 form from IRS which says the reporting was incorrect

Re: Which Cost Basis number do you use to report 1099-B (1d or 1e)?

Bsch4477 — Sat, 05 Sep 2020 21:37:54 GMT

Cost or other basis is cost basis.

Re: Which Cost Basis number do you use to report 1099-B (1d or 1e)?

Anonymous — Sat, 05 Sep 2020 21:54:41 GMT

don't know what you are looking at.

in TT and broker statements 1d is sales price/proceeds and 1e is cost.

Re: Which Cost Basis number do you use to report 1099-B (1d or 1e)?

fanfare — Sat, 12 Sep 2020 14:07:29 GMT

This is an odd question since you found the column on your 1099-B labeled cost basis.