Stock Proceeds and Cost Basis for Sold stock

[PeterHiross]

Hello,

I imported some stock/dividends from a brokerage account. It appears that the cost basis was missing (due to a transfer or brokerage accounts).  It looks like approx 10 shares were sold and the proceeds are $2.31 and it asking me for the corrected cost basis.  Questions:

1. Are the proceeds reported (box 1d) the total proceeds from the sale of the 10 shares or calculated as a single share, i.e., the reported line of $2.31 is per share? 

2. Is the cost basis based on a single share or do I need to multiple the single share cost basis ($1.26) by the number of share sold ??  

This is not clear in the instructions.

[MarilynG1]

If 10 shares were sold, the Proceeds on the 1099-B are the total for the sale of the 10 shares.  Your broker info should state the number of shares sold, even if not directly stated on the 1099-B.

Yes, if 10 shares were sold, and you paid $1.26 per share, multiply that by 10 for your Cost Basis.

Here's more info on How to Enter 1099-B. 

@PeterHiross