New Schedule D

[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

[Jiggers]

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.

[DonPriebe]

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.

[taxea]

Check this out, I got it this morning

IRS Tax Tip 2012-28_ Eight Facts about New IRS Form 8949 and Schedule D.pdf