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New Member
posted Apr 7, 2025 1:01:13 PM

Do I have to enter Non-covered Securities Code X marked as "provided as a courtesy [...] not provided to the IRS" from my 1099B?

They are listed under "Box 5- Non-Covered Securities - Code X (Unknown Holding Period)"

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2 Replies
Expert Alumni
Apr 7, 2025 1:11:44 PM

Yes!  You have to report all of your investment sales transactions, not just the ones that are reported to the IRS.

Level 15
Apr 7, 2025 1:39:50 PM

Your transaction is reported to the IRS.

It is the "cost or other basis" amount that is not reported to the IRS.

Without basis, it is considered 100% gain. Not very courteous.

 

@shinyknight