- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Undetermined term transaction for noncovered tax lots
I have 2 entries on my 1099 B in this category.
Both entries have a date for the sale or disposal
Both have quantity of 0.
Both have proceed numbers roughly $84 & $203.
Both have N/A for Date Acquired.
Both have '-' in all other categories,
except both indicate proceeds from sale of rights in Additional Info.
How am I supposed to handle these?
I'm thinking I can figure out the date I purchased the stocks and use that for original purchase date? Which would also indicate if it was short term or long term?
Cost Basis might be 0 as I didn't actually sell any stock, I just sold the rights to purchase more?
This sale comes from a account with a financial advisor, I can clarify the sale date etc with him. But he won't be giving me advise on how to handle this on my taxes.