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posted Jan 31, 2022 6:57:08 AM

Field options for Sales Section don't match my 1099-B form. I see: Reported to IRS with an X on Net Proceeds. "Proceeds from broker and barter exchange transactions"

I do not see anything on my form distinguishing between short term or long term.

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1 Replies
Expert Alumni
Jan 31, 2022 7:42:05 AM

Please see this answer from KittyM.

 

You can calculate these details for yourself, although they should be on your 1099-B.  The 1099-B uses terminology like "Long-Term sales reported to the IRS with Box B checked."

Long-Term means you held it more than a year.  Short-Term means you held it one year or less.  (You can calculate both these from the dates purchased and sold.)

Covered sales are Category/Box A (meaning what you paid for it is reported to the IRS), and Non-covered are Category/Box B (meaning what you paid is not reported to the IRS).  If it doesn't show what you paid, you will need to look it up in your records.