New Schedule D

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  • gman
    Senior Member
    • Dec 2005
    • 676
    #1

    New Schedule D

    If the 1099 statement states non covered, the correct box is B -basis not provided? Even if the statement does provide some cost information and G/L information ??

    thanks
    Tags: None
    • Jiggers
      Senior Member
      • Sep 2005
      • 1973
      #2
      Originally posted by gman
      If the 1099 statement states non covered, the correct box is B -basis not provided? Even if the statement does provide some cost information and G/L information ??

      thanks
      That is correct as that information is not reported to the IRS.
      Jiggers, EA

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        • DonPriebe
          Senior Member
          • Sep 2006
          • 526
          #3
          Originally posted by Jiggers
          That is correct as that information is not reported to the IRS.
          That is also my understanding. So the only "Box A" transactions that you should have for this season are short-term stock sales. No long-term, no mutual funds.

            Comment

            • taxea
              Senior Member
              • Nov 2005
              • 4292
              #4
              Check this out, I got it this morning

              IRS Tax Tip 2012-28_ Eight Facts about New IRS Form 8949 and Schedule D.pdf
              Believe nothing you have not personally researched and verified.

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