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I just received a consolidated 1099 from my new broker, which has a 1099B section that lists a sale of some mutual funds (for cash which was then used as a contribution to an IRA, if that makes any difference), which was my only transaction of that type this year. It lists the gross proceed amount and federal tax withheld ($0), but nothing else.

Shouldn't there also be a cost basis for these shares? They were purchased over many years periodically, and also by dividend reinvestment, and there's no way I would ever be able to figure out what my cost basis was. Since this 1099 only lists the gross proceeds, how am I going to get the cost basis so I know what the long term and short term capital gains are?

Thanks so much for any help.
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They were purchased over many years
periodically, and also by dividend reinvestment, and there's no way I would ever be able to figure out
what my cost basis was. Since this 1099 only lists the gross proceeds, how am I going to get the cost
basis so I know what the long term and short term capital gains are?

You get it from annual statements you saved each year from the mutual fund company, and/or your broker. They both recorded the dividends you received and reinvested each year. You put them on your Schedule D or A of 1040 each year also. ed
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Does your regular mutual fund statement show an average cost per share?
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