Is short term covered on a 1099B the same as "short term transactions for which basis is reported to IRS"?

[dickiecolo]

What does short term covered mean on a 1099B?

[Mike9241]

both sales proceeds and yax basis were reported to the IRS. the type should be A.

[fanfare]

The term "covered" means brokerage reports the basis on its records to the IRS.

Covered transactions without adjustments do not have to be detailed on Form 8949.

See Schedule D Line a1 and Line 8a

@dickiecolo