DianeW777
Expert Alumni

Retirement tax questions

It depends. Enter the sale like any other investment sale (box 1 proceeds) and if you know your cost basis enter that as well. Be sure to select the correct holding period as well.

Box 5. If checked, the securities sold were noncovered securities and boxes 1b, 1e, 1f, 1g, and 2 may be blank

Generally, a noncovered security means: 

(a) stock purchased before 2011, 

(b) stock in most mutual funds purchased before 2012, 

(c) stock purchased in or transferred to a dividend reinvestment plan before 2012,

(d) debt acquired before 2014, 

(e) options granted or acquired before 2014, and 

(f) securities futures contracts executed before 2014.

 

@Otax 

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