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New Member
posted Mar 4, 2022 10:25:07 PM

I have a 1099-B, but I cannot determine short or long term covered basis. The section title only says "Summary of Proceeds from Broker and Barter Exchange Transactions"

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3 Replies
Level 15
Mar 5, 2022 4:54:03 AM

If there are dates of purchase and sale then you have the info you need ... one year or less is short term.

Did the statement have any codes ?  Call your broker for help in understanding your paperwork. 

New Member
Mar 5, 2022 1:31:27 PM

Yes, the date of sale is 5/2021 and the transaction description says "Merger", but I don't see any codes.

I don't have a Form 8949 for this exchange.

 

New Member
Mar 5, 2022 1:48:43 PM

Here is an image of the 1099-B document