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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

Accepted Solutions
JamesG1
Expert Alumni

Cost Basis not provided on 1099-B for called bonds

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.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
JamesG1
Expert Alumni

Cost Basis not provided on 1099-B for called bonds

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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