Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 07-11-2014, 11:07 PM
JMOK
 
Posts: n/a
How can I correct the undetermined cost basis after I omitted filing of Form 8949?

I was subjected to backup withholding on an investment account. The 2013 form 1099-B indicated that there were transactions that cost basis could not be determined. I filed my 2013 tax without the form 8949 because I could not determine the cost basis at that time. I managed to trace back the cost basis recently. Hence my questions are:
1. How can I file the cost basis for the undetermined transactions now after I have already received my 2013 tax return?
2. Since I was subject to both federal and state withholding, how did the IRS calculate my tax return for undetermined-term transactions without 8949?
3. I may have missed entering my withholding tax during the filing as well, how can I make amendment for it now?
thanks,



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Form 8949 adjustment to basis for Schedule K-1 Pilm Capital Gains 2 03-09-2013 11:18 AM
Form 8949 adjustment to basis for Schedule K-1 Pilm Income 0 03-08-2013 02:09 PM
Eight Facts about New IRS Form 8949 and Schedule D Samatg For 2011 0 02-10-2012 10:32 PM
What type of transactions are reportable on Form 8949? TaxGuru For 2011 0 01-09-2012 07:43 PM
Correcting excess depreciation (7 years) and a (stupid) Form 4562 cost-basis GummyBear Rental Real-Estate 1 02-10-2011 12:05 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.