What do I select for "Sales section" if my 1099-B does not include any of the following keywords: short term, long-term, reported, not reported, covered or not covered?

caro-meyer — Mon, 09 Mar 2026 08:05:31 GMT

Re: What do I select for "Sales section" if my 1099-B does not include any of the following keywo...

DawnC — Mon, 14 Mar 2022 03:32:06 GMT

Whether you choose short term or long term depends on the date you purchased or obtained the investment/security and the date you sold or otherwise disposed of it (holding period). Less than a year is short-term and over a year is long-term.

That's the period (holding period) you own the property before you sell it. When figuring the holding period, the day you buy property does not count, but the day you sell it does. So, if you bought a stock on March 20, 2020, your holding period began on March 21, 2020. Thus, March 20, 2021 would mark one year of ownership for tax purposes.

If you sold on March 20, you would have a short-term gain or loss.
A sale one day later on March 21 would produce long-term tax consequences, since you would have held the asset for more than one year.

Box 1e has your basis. If your basis is there, it is probably covered (it was reported to the IRS). If no basis is reported on your 1099-B, it is not covered. Also, Box 5 will be marked if it is a non-covered security.

The broker that issued you the form can answer any question you may have regarding the details of the transactions on your Form 1099-B.

How Form 1099-B is used

Re: What do I select for "Sales section" if my 1099-B does not include any of the following keywo...

fanfare — Mon, 14 Mar 2022 03:53:19 GMT

Look carefully at the fine print you will probably find it

"Check Box [A-F] "

topic What do I select for "Sales section" if my 1099-B does not include any of the following keywords: short term, long-term, reported, not reported, covered or not covered? in Get your taxes done using TurboTax

What do I select for "Sales section" if my 1099-B does not include any of the following keywords: short term, long-term, reported, not reported, covered or not covered?

Re: What do I select for "Sales section" if my 1099-B does not include any of the following keywo...

Re: What do I select for "Sales section" if my 1099-B does not include any of the following keywo...