Business & farm

Ok thank you David.

I'm very open to adjusting the 1099-B as to be honest, the basis from the broker that actually claims it is a covered security, is not accurate.  I can "make it hole" by setting the basis for the "uncovered" ETF from the other broker.

Last question - is adjusting the basis of a "covered security" likely to draw scrutiny from the IRS, or is basis adjustments fairly common and not something to be too worried about?

Thanks again!