What is the total sales amount if I sold stock or bonds?
If you sold stocks or bonds and you received a Form 1099-B or consolidated 1099 from your broker, enter the amount shown in Box 1d of Form 1099-B for the sales proceeds.
If you did not receive a Form 1099-B or consolidated 1099, you can do these calculations yourself. If you paid commissions on the sale, you would either reduce the sales amount by the amount of the commissions, or you would add the commissions paid to the cost basis of the asset sold. Either way works out the same for the net gain or loss.
If you did not receive a Form 1099-B or consolidated 1099, you can do these calculations yourself. If you paid commissions on the sale, you would either reduce the sales amount by the amount of the commissions, or you would add the commissions paid to the cost basis of the asset sold. Either way works out the same for the net gain or loss.
