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Level 6

Solved

What does code EL mean 8949 column f?

Forum|Forum|6 years ago
March 9, 2020
1 reply
4 views

Just wondering what EL stands for.

Best answer by DavidD66

They are two separate codes E & L.

Code E: You received a Form 1099-B or 1099-S (or substitute statement) for a transaction and there are selling expenses or option premiums that aren't reflected on the form or statement by an adjustment to either the proceeds or basis shown
Code L: You have a nondeductible loss other than a loss indicated by code W. Code W is for a Wash Sale.

Level 15

They are two separate codes E & L.

Code E: You received a Form 1099-B or 1099-S (or substitute statement) for a transaction and there are selling expenses or option premiums that aren't reflected on the form or statement by an adjustment to either the proceeds or basis shown
Code L: You have a nondeductible loss other than a loss indicated by code W. Code W is for a Wash Sale.

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