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Cash In Lieu Sales Not Reported in 1099-B - What type of term type to use (uncovered, not recd, unknown)
When entering those CIL transactions into the 1099-B what Sale Section should they be placed under?
Below are the options that could possibly apply:
- Long-term basis not reported to IRS (uncovered)
- Long-term did not receive 1099-B form
- Unknown term not reported to IRS
These CIL transactions were on my Schwab 1099 tax form in the supplemental section not reported to IRS.
Thank you very much!
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March 11, 2025
7:58 AM