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February 22, 2023
Question

How to in input long term capital gain 1099-B?The 1099-B section does not clarify long or short term gain???

  • February 22, 2023
  • 2 replies
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2 replies

leeloo
February 22, 2023

The purchase and sale dates will determine short or long term. Assets held a year or less will be short term.

February 22, 2023

are you sure because not only do you need it the IRS needs it to check your reporting? contact the broker for clarification

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generally every 10((-B I've seen segregates long-term form short term and then breaks done these classes on how reported to IRS  code A - short-term and code D - long-term proceeds and cost reported to iRS

codes B and E except only proceeds reported to IRS

codes C and F not reported too IRS

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however if you using a foreign broker they are not required to conform to IRS reporting requirements