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1099B short term is not true

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    1099B short term is not true

    I have a 1099B showing all short term gains, code A but my client says, "I have actually held 169.70238 of the 258.315459 of the shares that were sold on November 25, 2015 for more than a year. The reason the 1099 form reports it as a short term gain is because CGI moved our employee stock from Sunlife Financial to Computershare in March 2015. You will see in the line item report on the 1099 Form that those shares were acquired by Computershare on March 26, 2015."

    When I report it as she states, short and long term, will it come back to me because the LT/ST doesn't match the 1099B?
    "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

    #2
    Use Form 8949. Check the instructions p. 6 for procedure and code to enter in col f.

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      #3
      Thanks!

      Originally posted by BP. View Post
      Use Form 8949. Check the instructions p. 6 for procedure and code to enter in col f.
      Thanks, BP! I went straight there and completed the return! I appreciate your help!
      Last edited by Possi; 02-23-2016, 07:08 AM.
      "I am proud to pay taxes in the United States. The only thing is I could be just as proud for half the money." Arthur Godfrey

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        #4
        Donna- You are sure welcome! -Barb
        PS- I always keep a copy of that p. 6-7 chart from the 8949 inst on my desktop.

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