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Retirement tax questions
Covered means basis is reported to the IRS. Noncovered means basis is not reported to the IRS. The 1099-B specifies this in a couple of ways... sometimes you will see a box checked in the covered/uncovered column. Often, you will see a title above your stock sales that would say "Long-term with covered" or "Long-term with basis reported to the IRS"... look for those descriptions to determine the sale category.
‎June 6, 2019
6:45 AM