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Level 3
posted Mar 15, 2025 12:31:33 PM

Cost Basis not provided on 1099-B for called bonds

Some of my US government agency bonds (e.g. FHLB) were called during 2024.  On my 1099-Bs, those called bonds are only showing the proceeds, and the cost basis are "not proceeded."

 

Should I manually enter the # of quantity as the cost basis?

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1 Best answer
Expert Alumni
Mar 17, 2025 3:06:36 PM

Refer to your investment records or sales tickets to determine the cost basis.

 

When entering the IRS form 1099-B transaction, select The cost basis is incorrect or missing on my 1099-B.

 

On the screen We noticed there's an issue with your cost basis, enter the correct value.

 

The issuer of the IRS form 1099-B either does not have cost basis or is not required to report the cost basis to the IRS.

1 Replies
Expert Alumni
Mar 17, 2025 3:06:36 PM

Refer to your investment records or sales tickets to determine the cost basis.

 

When entering the IRS form 1099-B transaction, select The cost basis is incorrect or missing on my 1099-B.

 

On the screen We noticed there's an issue with your cost basis, enter the correct value.

 

The issuer of the IRS form 1099-B either does not have cost basis or is not required to report the cost basis to the IRS.