in Events
I participate in an ESPP and got a 1099-B Proceeds from Broker and Barter Exchange Commission form. Box 5 is checked for Non covered security but I do not see that exact selection in the TT drop down. Just long term and short term covered or uncovered. Which is this and how do I know?
You'll need to sign in or create an account to connect with an expert.
what does the 1099-B show as the holding period?
In Turbotax, for short-term the type would be B for long-term the type would be D
B and D merely indicate to IRS that these are uncovered sales - cost basis not reported to IRS.
Thee is a date sold or deposited field of Aug 4 2021. Thats it.
It doesn't show a holding period.
Applicable check box on form 8949 has an X
Description has 200 "company name" ADS
Date sold or disposed: 08/04/21
Proceeds has a dollar value
cost or other basis is blank
wash sale or disallowed is blank
type of gain or loss is blank
check if proceeds from collectibles QOF is blank
fed income tax withheld is blank
check if non covered security is X
check if cost basis reported to irs is blank
state name is blank
st id num is blank
state tax withheld is blank
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ErickaY
Technical Admin
in Events
pjenk1984
Level 1
exhoosier
New Member
danieljame
Level 2
tonybeo
Level 3