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Deductions & credits
how did you enter the tranactions? short-term needs either type a - sales section proceeds and basis reported to IRS (covered) or type b sales section proceeds but not basis reported to IRS (noncovered). This is similar to entries for long-term type d or e if entered as summary totals
summary totals need to be code with an M and details need to be sent to the irs. you can use Form 8453 (soukd be prepared automatically if you use code M)
to submit the 1099-B reporting the details,
‎April 23, 2025
9:34 AM