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Financial Planning / Tax Strategies
|Subject: Form 8949/1099-B ?||Date: 2/22/2013 8:39 PM|
|Author: op456op||Number: 117846 of 122300|
Reviewed post topics back to mid January & didn't see anything posted on this yet.
If an equity sale is reported on a 1099-B as:
Short-term transactions & basis was not reported to the IRS (8949 Box B)
but the date acquired AND cost basis is incorrect, in Part 1:
1. Do I include the info as reported on the 1099-B in columns (b)date, proceeds in (d) & (e) with the corrected basis and column (f) of codes BT & zero in (g)? And then record the correct info in Part 2? Or,
2. Since it also has a T code do I not report it in Part 1 & report all the correct info in Part 2 with the BT codes?
Or another variation that I'm not grasping?
Thanks for guidance, instructions just not sinking in...
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