The code X means that the holding period is not known by the brokerage firm, but you must select a holding period to report on the tax return.
Typically, when it's not known by the brokerage firm and the security is non-covered it indicates it's a holding that was in the account prior to the rules that required firms to track basis. Therefore, "Unknown" for holding period is almost always going to be long-term.
In the drop-down box, indicate long-term, non-covered for the type of security.
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