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Level 1

Question

1099-B loss on closed contracts

2 replies
36 views

How do I report a loss on closed contracts on a 1099-B? All the fields of the 1099-B are blank except for the box 8 and box 11 which report a loss on closed contracts.

TurboTax Home & Biz Windows

Alumni - Intuit

We need you to clarify some information. What amounts are in box 8 and box 11 and what do these boxes represent? Not all 1099-Bs are consistent with how information is reported. Also, are these stock option contracts that closed? Also, were you long these contracts, or were they short positions? Any other information you wish to provide will help us better understand your tax situation.

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Level 15

ayou see our problem is that a 1099-B does not have column 8 or 11

typical; 1a description

1b date acquired

1c date sold

1d proceeds

6 proceeds reported to IRS (if deferent)

1e cost

1f accrued market discount

1g wash sale amount

- realized gain loss

4 federal taxes withheld

Mike9241