topic Re: Form 1099-B in Retirement tax questions

Form 1099-B

Otax — Sun, 02 Mar 2025 19:16:49 GMT

I received a form 1099B with information only in box 1a and 5. No other boxes (1b, 1c, 1d, 1e, 1g, or 4) have any information. How do I report this?

Re: Form 1099-B

JamesG1 — Mon, 03 Mar 2025 15:40:58 GMT

Do you recognize the investment or the sale? Why are there no Proceeds reported? Do you have record of the sale within your personal sales records? Do you know how you acquired the investment? Are you able to establish a cost basis for the investment?

How you answer these questions will determine how if you can report this transaction.

The issuer of the IRS form 1099-B selected box 5 for a noncovered security. The broker either does not know this information or is not required to disclose the information.

Re: Form 1099-B

Otax — Sun, 09 Mar 2025 18:25:26 GMT

It was from a transfer of control from one entity to another. Full shares transferred, but 1/2 of a share was sold instead of transferred for some reason. I don't know why there are no proceeds reported other than the dollar amount is very low.

Re: Form 1099-B

DianeW777 — Tue, 18 Mar 2025 21:10:02 GMT

It depends. Enter the sale like any other investment sale (box 1 proceeds) and if you know your cost basis enter that as well. Be sure to select the correct holding period as well.

Where do I enter or import Form 1099-B?

Box 5. If checked, the securities sold were noncovered securities and boxes 1b, 1e, 1f, 1g, and 2 may be blank.

Generally, a noncovered security means:

(a) stock purchased before 2011,

(b) stock in most mutual funds purchased before 2012,

(c) stock purchased in or transferred to a dividend reinvestment plan before 2012,

(d) debt acquired before 2014,

(e) options granted or acquired before 2014, and

(f) securities futures contracts executed before 2014.

@Otax