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Are tax Form 1099-B noncovered security proceeds (box 1b), cost basis (box 1e), and gain/loss reported to the IRS?

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Are tax Form 1099-B noncovered security proceeds (box 1b), cost basis (box 1e), and gain/loss reported to the IRS?

"noncovered" means that the cost basis (box 1e), and gain/loss is NOT reported to the IRS. The security proceeds (box 1b) is reported to the IRS.

Are tax Form 1099-B noncovered security proceeds (box 1b), cost basis (box 1e), and gain/loss reported to the IRS?

Thank you for your quick and detailed answer.

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