On 12/29/22, I sold all my shares of a mutual fund. They were composed of shares transferred (RMD) from my IRA on 12/19/21, reinvested dividends/capital gain distributions, and shares transferred (RMD) from my IRA 12/22/22.
My 1099-B shows all the reinvested shares as Box A/short-term covered, and the 2 lots of RMD transfers as uncovered, cost and holding period unknown, for me to enter in Box B/short-term uncovered or Box E/long-term uncovered. On my December 2022 broker statement, Schedule of Realized Gains and Losses Year-to-Date, those 2 lots are shown with their correct Date Acquired and Cost Basis and appropriately placed in their Short Term/Long Term categories, but with the "Designation" column saying "Uncovered."
I've looked in the appropriate IRS pubs and tried Google but cannot find an explanation for why these 2 lots are considered uncovered. My broker does not know. It doesn't really matter, but I am curious. Does anyone here know why?
