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March 15, 2025
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Cost Basis not provided on 1099-B for called bonds

  • March 15, 2025
  • 1 reply
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Some of my US government agency bonds (e.g. FHLB) were called during 2024.  On my 1099-Bs, those called bonds are only showing the proceeds, and the cost basis are "not proceeded."

 

Should I manually enter the # of quantity as the cost basis?

    Best answer by JamesG1

    Refer to your investment records or sales tickets to determine the cost basis.

     

    When entering the IRS form 1099-B transaction, select The cost basis is incorrect or missing on my 1099-B.

     

    On the screen We noticed there's an issue with your cost basis, enter the correct value.

     

    The issuer of the IRS form 1099-B either does not have cost basis or is not required to report the cost basis to the IRS.

    1 reply

    JamesG1Answer
    March 17, 2025

    Refer to your investment records or sales tickets to determine the cost basis.

     

    When entering the IRS form 1099-B transaction, select The cost basis is incorrect or missing on my 1099-B.

     

    On the screen We noticed there's an issue with your cost basis, enter the correct value.

     

    The issuer of the IRS form 1099-B either does not have cost basis or is not required to report the cost basis to the IRS.

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