DavidD66
Expert Alumni

Get your taxes done using TurboTax

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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