I said above:
"if it's on your current year's consolidated 1099-B it must be short term."
I was assuming you just started invested in this security recently.
if you started investing in the security more than a year ago
then you have some LT holdings.
However, the problem crops up immediately since a liquidating transaction starts monthy.
The broker uses FIFO, unless you specified otherwise.
therefor fees will come out of long term holding after you've been doing this for over a year.
If you have regular periodic investments, the earlier investments regularly become LT.
After this happens the liquidation (sale) to cover a fee is a sale of a tiny part of LT shares.
If you decide to sell some shares, LT comes out first by the FIFO rule.
once you have sold all LT shares, or you have not yet achieved LT shares, then the fees have to come out of ST shares until some are held for more than a year.
Note:
For non-covered securities ( BOX B or E) showing zero (wrong) basis, enter the correct basis yourself.
Use code "B" and put -0- in col (g).
You have to ascertain the correct basis from your own records.
@js409
