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In sales section: What is asked for "short term basis is this FIFO or what % of proceeds are short term?

 
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Accepted Solutions

In sales section: What is asked for "short term basis is this FIFO or what % of proceeds are short term?

On the 1099-B the activity is broken down between 

  1. short term-basis reported
  2. short term-not reported
  3. long term-basis reported
  4. long tern-basis not reported
  5. covered
  6. non-covered

You can look at the form and you will see a summary for 1 or more of the categories listed. Just click the type of sale and then the total amounts for each category.

 

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1 Reply

In sales section: What is asked for "short term basis is this FIFO or what % of proceeds are short term?

On the 1099-B the activity is broken down between 

  1. short term-basis reported
  2. short term-not reported
  3. long term-basis reported
  4. long tern-basis not reported
  5. covered
  6. non-covered

You can look at the form and you will see a summary for 1 or more of the categories listed. Just click the type of sale and then the total amounts for each category.

 

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