If a customer does not give a broker his or her instructions, cost basis reporting on Form 1099-B for a stock holding where there have been multiple purchases at different times is done on a:

FIFO basis.

Explanation:

If a customer does not give a broker his or her instructions, cost basis reporting on Form 1099-B for a stock holding where there have been multiple purchases at different times is done on a first in, first out (FIFO) basis.

According to the internal revenue service (IRS), a Form 1099-B is a tax form which is received by individuals from their brokers or barter exchange enumerating their proceeds (gains) and losses from transactions made for a given tax year. The transactions include sales of stocks, forward contracts, derivatives, bonds, commodities, options, debt instruments for cash through a broker or barter exchange. It is necessary to also state on the Form 1099-B whether the holding period is short-term or long-term.

If the customer didn't give a broker his or her instructions and there have been multiple purchases of the stock at different times, it is reported or done on a first in, first out (FIFO) basis because the earliest or oldest unit of stock purchased are also the first unit that are sold.

hi.

i'm not sure about the answer, but, i would say c. *when the recipient was not included on the original email.*

hope this , well if it's right. uwu

merry christmas! ^-^

a. money supply  

have a good day