DianeW777
Expert Alumni

Deductions & credits

It depends.  If you are referring to the check boxes for the lines below, you should go ahead and file your tax return as is. There is no need for concern at all.

  • (D) Long-term transactions reported on Form(s) 1099-B showing basis was reported to the IRS (see Note above) 
  • (E) Long-term transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS

Either way the capital gain or loss is correct on your tax return and the check box doesn't change that.

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