On a form 1099-B what does non covered mean for box 6?If the sales are not reported to the IRS do I still need to report the sales? Essentially in one incident I had my broker close one account outside of his portfolio for me and transfer the money directly to an account he managed. Is there any gains to that sale anyway? Do I have to report that sale and purchase?
On other occasions he sold and bought different mutual funds on my behalf. I got a 1099-B but no cost basis is provided. I do have the quanity and gross proceeds in formation. Does that need to be reported?
Box 6 was again uncovered. Do I need to report the sales? If so I would I calculate the gains?