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Subject:  1099 question Date:  3/13/2002  9:23 PM
Author:  5000fingers Number:  59714 of 127516

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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