Thank you for the clarification. My understanding is that the brokerages will print that for any stock that had a basis they are aware of before the legal requirement of reporting. If this does not happen to be the reason your brokerage noted this, the explanation must come from them.
- Example when the brokerage enters NOT REPORTED TO IRS: When a security is noncovered, this means a brokerage doesn't have to report its cost basis directly to the IRS.
The word 'noncovered' refers to the period when it was not required to be reported.
@Pip_12_mn
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