ReneV4
Expert Alumni

Get your taxes done using TurboTax

Yes. You can still summarize and list the short-term transaction with basis not reported to the IRS in its own category.

 

Based on what you wrote, your summary would look like this:

 

  • Short-Term Covered: (Box A) Basis was reported to the IRS
  • Short-Term Non-Covered: (Box B) Basis was NOT reported to the IRS
  • Long-Term Covered: (Box D) Basis was reported to the IRS

 

When you are inputting your stock transactions, look for short-term basis not report to IRS (noncovered) for your third category.

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