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No. You've clearly sold a "noncovered" security which means that the broker is not reporting the date of acquisition or basis to the IRS. Look closely at the 1099-B and you should see something about this.
Simply enter the sale and enter the date acquired and basis using your own records as investors have been doing for decades before the IRS dreamed up the concept of "covered" and "noncovered" securities.
This will be a "Box E" sale.
Tom Young
No. You've clearly sold a "noncovered" security which means that the broker is not reporting the date of acquisition or basis to the IRS. Look closely at the 1099-B and you should see something about this.
Simply enter the sale and enter the date acquired and basis using your own records as investors have been doing for decades before the IRS dreamed up the concept of "covered" and "noncovered" securities.
This will be a "Box E" sale.
Tom Young
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