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I sold the stock I bought in a private placement so the broker has no basis or acquisition info for the 1099. There were many small sales by the broker. I cumulated the sales in TT, which says to file a "Statement" with the IRS. What should be in it?

 
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ThomasM125
Expert Alumni

I sold the stock I bought in a private placement so the broker has no basis or acquisition info for the 1099. There were many small sales by the broker. I cumulated the sales in TT, which says to file a "Statement" with the IRS. What should be in it?

Ideally , the statement would report a description of the investment, dates acquired, cost and date sold, like what is reported on the form 1099-B.

 

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