3190339
I have a 1099 B with Box D long-term covered with 24 lines of the same stock and Box 5 non-covered, basis not reported and ST/LT determination not known with a single line item. If I choose report totals for each section it's requiring, to mail a separate statement to the IRS for the non-covered section detail. I'd like not to do this, and don't want to enter the covered transactions as single items. So my question is, how do I report one as section total and one as a single line item?
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The best way to report these 1099-B transactions is to enter the 1099-B once for the Long-Term and again for Short-Term sales. If you upload the transactions, you'll need to edit the data to remove the short-term from the long-term and vice versa. There isn't a way to split the upload to two 1099-Bs.
The best way to report these 1099-B transactions is to enter the 1099-B once for the Long-Term and again for Short-Term sales. If you upload the transactions, you'll need to edit the data to remove the short-term from the long-term and vice versa. There isn't a way to split the upload to two 1099-Bs.
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