This 1099-B is for some stocks I purchased as part of a retirement account more than 15 years ago. The company was bought out and the stock was merged and I got a buyout.
Under box 1d it has a total less than $100. Box 1d has a note that states The amount listed under box 1d (proceeds) column are reported net of commissions and transfer taxes as required by federal tax regulations.
Additionally, under box 1d it has non-covered subtotals and grand totals with a note that states the quantity sold, subtotals and grand totals are provided as courtesy; these are not provided to the IRS.
Lastly, under box 5 it states non-covered transactions for which is not reported to IRS. you must determine short-term or long-term based on your records and report on Form 8949, Part I with Box B checked, or on From 8949, Part II, with Box E checked as appropriate.
Boxes 1b, 1e and 1g are blank.
I have no record from back then on how much I paid for them or anything.
Which category do I check for sale category? Do I need to send this 1099-b in with Form 8949 to the IRS?
Thanks
