Our 1099-DA shows proceeds but no basis for coins we bought before 2026. Is that normal or did the broker miss something?
I own a foreign-owned Wyoming LLC from Singapore and we sold part of our BTC position in early 2026 through a U.S.-facing broker. The statement shows proceeds clearly, but the cost basis field is blank. Finance is worried the broker issued a defective form and wants to delay the return until they fix it.
The complication is that these coins were originally bought in 2023 and later transferred through self-hosted wallets before reaching the broker. I need to know whether the blank basis box can be normal under the current 1099-DA rules or whether we should be pushing for a corrected form before we finalize the gain calculation.
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