How to Reconcile a 1099-DA With the Wrong Cost Basis
Broker-reported 1099-DA basis is often wrong for transferred wallets, hard forks, and gifts. Here is how to fix it with Form 8949 Code B adjustments.
-
-
Hard Forks, Airdrops, and Token Splits: Cost Basis Treatment
Rev. Rul. 2019-24 governs hard forks and airdrops: ordinary income at FMV, basis equals FMV at receipt. Full treatment for every fork and airdrop scenario.