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Investors & landlords
The company is selling your shares to pay expenses each month. These are sales. You must report them and you need to put in the basis for each of these sales.
The term not covered means the brokerage does not know your basis and you must enter it.
Covered means the brokerage thinks they know your basis.
Reported means it has been reported to the IRS on a tax form, You have the tax form.
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‎April 13, 2020
11:34 AM