It depends.
There are three kinds of transactions that a broker may report to you. They are:
- Transactions reported on Form(s) 1099-B showing basis was reported to the IRS,
- Transactions reported on Form(s) 1099-B showing basis wasn’t reported to the IRS, and
- Transactions not reported to you on Form 1099-B.
These same three kinds of transactions are reported on IRS form 8949 Sales and Other Dispositions of Capital Assets. Part I reports short-term transactions and labels these transactions A, B and C. Part II reports long-term transactions and labels these transactions D, E and F.
The transaction that you listed would be labeled E and reported on Part II of IRS form 8949. Even though the cost basis was not reported to the IRS by the broker, you will be reporting the basis to the IRS when you file your 2023 Federal 1040 tax return
See also here.
@Pip_12_mn
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
