Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I just got my Zecco 1099 form for tax year 2011. The account is a taxable one. I was expecting to see some capital gains listed, because during 2011 I sold a mutual fund (that I held since 1999) and a stock (held since 2008) both at a gain. Zecco does not know my annual income, so they are not going to know about my capital gains rates/exemptions. I am certainly wondering why they have listed no capital gains at all.

I have to assume that you've never sold anything before that was reported on a 1099-B. Before 2011 the 1099-B never said anything about basis or gain/loss. That was up to you.

Starting in 2011 brokers are required to report basis and gain/loss in an extremely limited number of cases. It appears that neither of your sales would be those which require same. Thus, it's still up to you to come up with the basis and calculate the gain/loss.

These will be Code B on the reporting form.

Rule Your Retirement Home Fool
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.