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Ask Mark Taylor Your Own Question
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Finance
Satisfied Customers: 2276
Experience:  Certified Public Accountant
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My question is probably more advanced that you can asnwer, I

Customer Question

my question is probably more advanced that you can asnwer
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I have a 1099B that reports $73,500 in Noncovered gross proceeds. But r]there is no cost basis provided. I think it's standard not to report the cost. But then I owe tax on $73,500 proceeds that are not gains. What kind of unnecessary complexity is this?
JA: Is there anything else the Accountant should be aware of?
Customer: No
Submitted: 11 months ago.
Category: Finance
Expert:  Mark Taylor replied 11 months ago.

Hi my name is Mark. I will be happy to help you with your questions. What was sold? Do you know what the basis should be? Also do you know the date purchased?