JohnB5677
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The 8449 categorizes the various status designation codes.  Please confirm that you have entered the codes.

 

  1. Tell us about your 1099-B sales for this  account
  2. Answer the questions
  3. Since you have more than a few  sales, we recommend entering sales section totals
  4. Continue
  5. Before entering sales section totals, take a moment to find them on your 1099-B
  6. Continue
  7. Now, we'll enter one sales section total on your  1099-B
  8. 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.

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