Proceeds should be the money you received and that is normally reported on the 1099-B. Long term is when held more than 1 year (think a year plus a day). Capital gain entries are normally included on Form 8949 and Schedule D. "Covered" is the term used when the institution is tracking your basis and is reporting basis to the IRS--it would be "Box D" data for Form 8949 and Schedule D. If "Uncovered", the basis in NOT REPORTED to the IRS and you are responsible for the basis. Uncovered is "Box E" for Form 8949 and Schedule D.
