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aerotechbd
Returning Member

My 1099-b has "Transactions for which basis is not reported to the IRS and term is unkown.

 
3 Replies
evaneb
New Member

My 1099-b has "Transactions for which basis is not reported to the IRS and term is unkown.

Keep these for your records, but you should not this for your 2020 taxes.

aerotechbd
Returning Member

My 1099-b has "Transactions for which basis is not reported to the IRS and term is unkown.

Thanks . 

fanfare
Level 15

My 1099-b has "Transactions for which basis is not reported to the IRS and term is unkown.

"Transactions for which basis is not reported to the IRS and term is unkown"

 

All closing transactions must be reported to the IRS,

including those mentioned above.

You must supply the acquired dates and cost basis from your own records.

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