The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/which-8949-box-checked-for-options-30569633.aspx

Subject:  which 8949 box checked for options? Date:  3/1/2013  6:51 PM
Author:  jrice Number:  117926 of 121095

The Details Of 2012 Options Purchases And Sales section of my 1099-B lists 2012 options transactions which did not involve disposition (e.g. purchase or sale) of the underlying securities.

These transactions are LISTED by the brokerage, not REPORTED by the brokerage to the IRS...not until tax year 2014.

The premiums from/on these transactions will be reported, however, by me on Form8929.

Which box (A, B, or C) should be checked on Form8949 for these transactions?

(A) ...transactions reported on Form(s) 1099-B showing basis was reported to the IRS
(B) ...transactions reported on Form(s) 1099-B showing basis was not reported to the IRS
(C) ...transactions not reported to you on Form 1099-B

My discount broker, eTrade, told me to use Box B. Do you agree?
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us