|
Recommendations: 1
just to clarify --they are not required, they ARE allowed, yes?
.. my 1099-Bs do have options activity
Well, I suppose they are allowed. But I really doubt they did.
Take a close - a very close - look at the options activity you're thinking is on a 1099-B. My guess is that it will say this information is for your reference and is not reported to the IRS.
It comes with the 1099-B, but it's supplemental information for your use and not actually a 1099-B.
I know I'm sounding a bit pedantic here, but sometimes those little details make a difference. And they're making more of a difference this year. Assuming my guess is correct and these options are not on a 1099-B, you'll need to initially enter the options activity on a separate Form 8949, marking box (C) at the top to show the activity is not on a 1099-B. In your tax software, there will be some kind of check box or option box for you to indicate this.
--Peter
|
|
|
Announcements
|