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What sales section title do select?

We have sold foreign stocks, both short and long term. I need to select a sales section title. 

It's not Box A - basis reported to IRS (covered) -- it's a foreign brokerage which is not required to report to IRS

Both B and C are true.

Box B - basis not reported to IRS (noncovered)  -- should we have reported it to IRS somehow when we bought it?

Box C - did not receive 1099-B form -- foreign brokerage does not issue 1099s

Should I select B or C?

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Accepted Solutions
DaveF1006
Expert Alumni

What sales section title do select?

Yes, for tax reporting purposes, it counts as‌ receiving a 1099.

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2 Replies

What sales section title do select?

Addendum: Since I don't get 1099s for any of our foreign investments, I do know how to report the interest, dividends, and sales "as if" I received a 1099. Not sure if that really counts as having received a 1099.

DaveF1006
Expert Alumni

What sales section title do select?

Yes, for tax reporting purposes, it counts as‌ receiving a 1099.

**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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