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What exactly do I need to send in with short term, noncovered transactions to show the date acquired and cost basis?

There are 3 tickers that I transferred from Robinhood to Webull which Webull is classifying as an "Undetermined Term Noncovered Tax Lot" and I need to send in statements to show the acquisition date and cost basis. 

I acquired them between January and March of 2021 (On Robinhood) and sold in April 2021(On Webull), so they're all short term. 

 

My 2021 Webull statement is hundreds of pages. Am I able to just send in the 1 page from the hundreds which shows the 3 undetermined/noncovered tickers? Or, do I have to print out ALLLLLLLL pages of each relevant statement?

 

The 2021 Webull Statement (showing the undetermined/noncovered status) and Monthly Statements from Robinhood (showing the acquisition date/cost basis) are what I'm assuming I need to send in, but can I just print the pages that show the necessary info from those statements instead of every single page?

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1 Best answer

Accepted Solutions
JohnB5677
Employee Tax Expert

What exactly do I need to send in with short term, noncovered transactions to show the date acquired and cost basis?

Yes, you can limit it to the specific pages. The only documentation you will need is the Robinhood statement for those transactions, and I would also include the Webull statement for that same sale documentation.

 

 

 

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2 Replies
JohnB5677
Employee Tax Expert

What exactly do I need to send in with short term, noncovered transactions to show the date acquired and cost basis?

Yes, you can limit it to the specific pages. The only documentation you will need is the Robinhood statement for those transactions, and I would also include the Webull statement for that same sale documentation.

 

 

 

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

What exactly do I need to send in with short term, noncovered transactions to show the date acquired and cost basis?

I appreciate that! Thank you so much!

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