However, if your proceeds is 0, which is 0.04 rounded to the nearest dollar, your basis is probably pretty low too--or at least we would hope so. Otherwise you might have a big loss! That's never any fun.
the dots mean that the broker does not know the cost basis. The fact the broker says to report as type B or E means they don't even know the holding period. you blanked out the name of the security that might have helped. also, we don't know why there was a sale.
For non-covered securities ( BOX B or E) showing zero (wrong) basis, enter the correct basis yourself.
Use code "B" and put -0- in col (g).
Thank you so much for the help.
I have one more question, would this be considered any of these options or how would I find out?
At the far right of the screenshot you included with your earlier post, the transaction is identified as "Sale". Contact the company or prior broker for more information.
Thank you, do you know if this is something I should be able to find myself though on my tax document or statement?
Maybe. If you know when the stock was purchased, click on this link for some suggestions.