- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The 8449 categorizes the various status designation codes. Please confirm that you have entered the codes.
- Tell us about your 1099-B sales for this account
- Answer the questions
- Since you have more than a few sales, we recommend entering sales section totals
- Continue
- Before entering sales section totals, take a moment to find them on your 1099-B
- Continue
- Now, we'll enter one sales section total on your 1099-B
- Use the drop down menu to select the correct designation.
Code A. This code indicates a short-term transaction for which the cost or other basis is being reported to the IRS.
Code B. This code indicates a short-term transaction for which the cost or other basis is not being reported to the IRS.
Box C. Report on a Part I with box C checked all short-term transactions for which you can't check box A or B because you didn't receive a Form 1099-B (or substitute statement).
Code D. This code indicates a long-term transaction for which the cost or other basis is being reported to the IRS.
Code E. This code indicates a long-term transaction for which the cost or other basis is not being reported to the IRS.
Box F. Report on a Part II with box F checked all long-term transactions for which you can't check box D or E because you didn't receive a Form 1099-B (or substitute statement).
Code X. Use this code to report a transaction if you cannot determine whether the recipient should check box B or box E on Form 8949 because the holding period is unknown.
**Mark the post that answers your question by clicking on "Mark as Best Answer"