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ben2021
Level 1

enter a summary for 1099-B and Box A Short-Term Gain/Loss

I am entering a summary for each category sale for 1099B.  What should I do with Box A Short-Term Realized Gain and Box A Short-Term Realized Loss?  For example, the gain is 100 and the loss is 200.  Should I treat them as other adjustment and check "I need to enter amount form box 1f, 1g, or other adjustment" and input -100 as the total adjustment gain, if so, what is the code?

 

Thank you!

1 Best answer

Accepted Solutions
JohnB5677
Expert Alumni

enter a summary for 1099-B and Box A Short-Term Gain/Loss

You should not have to combine anything.  You should only have to post the Sale Categories.  They are:

 

Box A - Short-term Covered - Short-terms sales with cost basis reported to the IRS

Box B - Short-term Noncovered -  Short-term sales with cost basis NOT reported to the IRS

Box C - Short-term Not reported -  Short-term sales not reported to the IRS

Box D - Long-term  Covered - Long-term sales with cost basis reported to the IRS

Box E - Long-term Noncovered - Long-term sales with cost basis NOT reported to the IRS

Box F - Long-term Not reported - Long-term sales not reported to the IRS

 

Box X - Holding period and cost basis NOT reported to the IRS

 

If you have items in Box X you will have to make an adjustment into a different category.

 

Transactions in this Box either do not have a Cost Basis or the date is not present.

 

If the cost basis is missing you may be able to find it through 

Historical Stock Quote Prices - MarketWatch

 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
JohnB5677
Expert Alumni

enter a summary for 1099-B and Box A Short-Term Gain/Loss

You should not have to combine anything.  You should only have to post the Sale Categories.  They are:

 

Box A - Short-term Covered - Short-terms sales with cost basis reported to the IRS

Box B - Short-term Noncovered -  Short-term sales with cost basis NOT reported to the IRS

Box C - Short-term Not reported -  Short-term sales not reported to the IRS

Box D - Long-term  Covered - Long-term sales with cost basis reported to the IRS

Box E - Long-term Noncovered - Long-term sales with cost basis NOT reported to the IRS

Box F - Long-term Not reported - Long-term sales not reported to the IRS

 

Box X - Holding period and cost basis NOT reported to the IRS

 

If you have items in Box X you will have to make an adjustment into a different category.

 

Transactions in this Box either do not have a Cost Basis or the date is not present.

 

If the cost basis is missing you may be able to find it through 

Historical Stock Quote Prices - MarketWatch

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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