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Missing Cost Basis on Form 1099B - Need code b in column (f) on 8949?
Hello. I sold stock purchased 20 years ago this year. Naturally my broker and 1099B did not have the cost basis information nor date acquired. Since I entered that info from my own records, do I need to indicate "code b" in column (f) on the 8949?
"Code B" = You received a Form 1099-B (or substitute statement) and the basis shown in box 1e is incorrect
In my opinion, the 1099-B is not really incorrect. It did correctly list the stock under "Box E: Long term sales with cost basis NOT reported to the IRS". It just didn't have cost basis info, nor date acquired.
Thank you.
