What does code EL mean 8949 column f?

charjean47 — Mon, 09 Mar 2020 01:43:25 GMT

Just wondering what EL stands for.

Re: What does code EL mean 8949 column f?

DavidD66 — Mon, 09 Mar 2020 02:18:30 GMT

They are two separate codes E & L.

Code E: You received a Form 1099-B or 1099-S (or substitute statement) for a transaction and there are selling expenses or option premiums that aren't reflected on the form or statement by an adjustment to either the proceeds or basis shown
Code L: You have a nondeductible loss other than a loss indicated by code W. Code W is for a Wash Sale.