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Author: TMFPMarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121322  
Subject: Re: Tax ?...rolling options Date: 3/20/2012 5:20 PM
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called broker and they explained there is a non-obvious way to distinguish: on the 1099B, if box 6 is checked, it was an "uncovered" security and basis for such not reported to IRS

I hate to pile on, but one additional caution which may or may not apply to the software you're using.

Depending on the transactions reported a return can require as many as six of the Forms 8949: long-term A, B, C and short-term A, B, C. You'd think that the software would automatically produce all the necessary forms.

Yours may, but TaxWise, which is what we use in VITA/TCE, doesn't. After you've entered all the transactions you have to go back and generate 8949's if you need more than one.

Phil
Rule Your Retirement Home Fool
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