The term "Non-Covered" refers to the cost basis not being reported to the IRS, not the proceeds. The proceeds are the amount the stock was sold for and the cost basis is what you paid for it. The difference between these two numbers is either a Capital Gain or a Capital Loss.
To report this transaction, you need to follow these steps:
The term "Non-Covered" refers to the cost basis not being reported to the IRS, not the proceeds. The proceeds are the amount the stock was sold for and the cost basis is what you paid for it. The difference between these two numbers is either a Capital Gain or a Capital Loss.
To report this transaction, you need to follow these steps: