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Level 2
posted Apr 12, 2023 9:00:55 PM

1099B form - long term non covered vs non reported (box E or box F) ?

In the form 1099B that I got from my broker, it says the following - "LONG-TERM TRANSACTIONS FOR WHICH BASIS IS AVAILABLE BUT NOT REPORTED TO THE IRS - Report on Form 8949, Part II, with Box E checked."

 

But when filling the details online, I see 2 options:

Box F = Long term not reported

Box E = Long term not covered

 

According to the definition above, box F = not reported

but why does the my 1099B form says - "with Box E checked" ??

 

Which one should I select?

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1 Replies
Level 15
Apr 12, 2023 9:55:22 PM

F is when both sales proceeds and cost are not reported. in your situation proceeds but not cost was reported so E is correct.