Taxpayer had a company buyout. It was required he had to sell his ISO (incentive stock option) in 2015 and 2017. All of his ISO shares was sold.
He received the form 1099-B from the broker for 2018. The cost is blank. The broker told him the gross proceed was from a tax refund in the escrow.
How does he report the cost? Should he report his original cost basis of the ISO?
Thank you for your help.
He received the form 1099-B from the broker for 2018. The cost is blank. The broker told him the gross proceed was from a tax refund in the escrow.
How does he report the cost? Should he report his original cost basis of the ISO?
Thank you for your help.