What does code EL mean 8949 column f?

charjean47 · ‎March 8, 2020

Just wondering what EL stands for.

DavidD66 · ‎March 8, 2020

They are two separate codes E & L.

Code E: You received a Form 1099-B or 1099-S (or substitute statement) for a transaction and there are selling expenses or option premiums that aren't reflected on the form or statement by an adjustment to either the proceeds or basis shown
Code L: You have a nondeductible loss other than a loss indicated by code W. Code W is for a Wash Sale.

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DavidD66 · ‎March 8, 2020

They are two separate codes E & L.

Code E: You received a Form 1099-B or 1099-S (or substitute statement) for a transaction and there are selling expenses or option premiums that aren't reflected on the form or statement by an adjustment to either the proceeds or basis shown
Code L: You have a nondeductible loss other than a loss indicated by code W. Code W is for a Wash Sale.

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

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