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C
cmclark1
February 16, 2020
Question

What is realized versus covered/non-covered gain/loss?

  • February 16, 2020
  • 1 reply
  • 0 views
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1 reply

B
Bsch4477
Employee
February 16, 2020

Covered shares are shares purchased on or after January 1, 2012. Tax Form 1099-B will provide cost basis information for covered shares to both the shareholder and the IRS. Non-covered shares are shares purchased by a shareholder on or before December 31, 2011.

 

”Realized “ just means that the asset was sold so the transaction has to be reported.

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