Yep. See the second page of the tax form instructions here: https://apps.irs.gov/app/vita/content/globalmedia/4491_capital_gain.pdf https://apps.irs.gov/app/vit

Yep. See the second page of the tax form instructions here: https://apps.irs.gov/app/vita/content/globalmedia/4491_capital_gain.pdf https://apps.irs.gov/app/vita/content/globalmedia/4491_capit... "If taxpayers cannot provide their basis in the property, the IRS will deem it to be zero." That means 100% of the sale price of an asset is treated as gains.