Cash In Lieu Sales Not Reported in 1099-B - What type of term type to use (uncovered, not recd, unknown)

[v scar]

When entering those CIL transactions into the 1099-B what Sale Section should they be placed under? 

Below are the options that could possibly apply:

1. Long-term basis not reported to IRS (uncovered)
2. Long-term did not receive 1099-B form
3. Unknown term not reported to IRS

These CIL transactions were on my Schwab 1099 tax form in the supplemental section not reported to IRS. 

Thank you very much! 

[JamesG1 · Accepted solution]

When reporting your cash-in-lieu on IRS form 8949, report box F.

IRS Form 8949 Instructions, page 3, states:

Box F

Report on a Part II with box F checked all long-term transactions for which you cannot check box D or E because you did not receive a Form 1099-B (or substitute statement).

[v scar]

Hi James,

Thank you very much.. I really appreciate it!