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You can calculate these details for yourself, although they should be on your 1099-B. The 1099-B uses terminology like "Long-Term sales reported to the IRS with Box B checked."
Long-Term means you held it more than a year. Short-Term means you held it one year or less. (You can calculate both these from the dates purchased and sold.)
Covered sales are Category/Box A (meaning what you paid for it is reported to the IRS), and Non-covered are Category/Box B (meaning what you paid is not reported to the IRS). If it doesn't show what you paid, you will need to look it up in your records.
You can calculate these details for yourself, although they should be on your 1099-B. The 1099-B uses terminology like "Long-Term sales reported to the IRS with Box B checked."
Long-Term means you held it more than a year. Short-Term means you held it one year or less. (You can calculate both these from the dates purchased and sold.)
Covered sales are Category/Box A (meaning what you paid for it is reported to the IRS), and Non-covered are Category/Box B (meaning what you paid is not reported to the IRS). If it doesn't show what you paid, you will need to look it up in your records.
is box 2 the same as box b?
Please provide more information. Your question is, "if Box 2 the same a Box B"? What information are you inquiring about. If it is on Form 1099B Please describe the requested information so that we can specifically respond to your question.
Below are instructions for 1B and 2 on form 1099B. If this is not your question, please come back to this forum with more details.
Box 1b. This box may be blank if box 5 is checked or if the securities sold were acquired on a variety of dates. For short sales, the date shown is the date you acquired the security delivered to close the short sale.
Box 2. The short-term and long-term boxes pertain to short-term gain or loss and long-term gain or loss. If the “Ordinary” box is checked, your security may be subject to special rules. For example, gain on a contingent payment debt instrument subject to the noncontingent bond method is generally treated as ordinary interest income rather than as capital gain. See the Instructions for Form 8949, Pub. 550, or Pub. 1212 for more details on whether there are any special rules or adjustments that might apply to your security. If box 5 is checked, box 2 may be blank.
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