I received an abnormal 1099B without a box 3 (which is a box you check if the basis was reported to the IRS). Should I check this box or not on my taxes?
The covered securities were both short-term and long-term gains. Most of the gains are less than $10 except for one. The 1099B says at the top "This is important tax information and is being furnished to the IRS".
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1 Best answer
Ashby
New Member
Jun 3, 2019 1:33:19 PM
If they were all covered securities, yes, check box 3 even though you don't have one.
1 Replies
Ashby
New Member
Jun 3, 2019 1:33:19 PM
If they were all covered securities, yes, check box 3 even though you don't have one.