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1099-B Unknown Term Code X (Basis Not Reported & Unknown)
I have a couple of these subject sales on my 1099-B.
1.) For one of them I know how to get the cost basis and know to check Box B.
Do I still need to add a code in column (f) after I enter the cost basis in column (e) or can I leave column (f) blank?
2.) For the others where the amounts are not that much and I'm not concerned about figuring out a cost basis, do I need to enter a code in column (f)? If so, do I enter an "X"?
March 11, 2023
2:14 AM