Capital Assets Worksheet

Forum|Forum|4 years ago
April 8, 2022
1 reply
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There are no dates acquired on the investment report and no coast basis. It says N/A not available to broker. What to do?

MarilynG

Level 15

If you sold stock and received a 1099-B with no Cost Basis shown, you can enter it with a $0 Cost Basis and check the box to indicate 'Cost Basis is incorrect' and then enter the correct Cost Basis. If this was employee stock, this would be the FMV of the stock when it was vested.

If this applies and you bought stock through payroll deductions, the IRS wants to know if it was held 'short term' (under one year) or 'long term' (over one year) before you sold it.

You can use an estimated date for when the shares were vested to enter here.

Click this link for more info on Date Acquired.

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WPK1Author

Level 2

This was not employee stock.

JohnB5677

Level 15

If your broker did not provide the date acquired and the cost basis of a particular stock, the burden falls on you. The first critical point is when you acquired it. This will determine if it is a Long or Short term Capital Gain. It will also be critical in determining the original cost.

Once you establish a date you can use Historical Stock Prices to determine the value.

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