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w1ll
Returning Member

American Depository Shares

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?

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3 Replies

American Depository Shares

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.

 

w1ll
Returning Member

American Depository Shares

Thee is a date sold or deposited field of Aug 4 2021. Thats it.

w1ll
Returning Member

American Depository Shares

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

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