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Author: op456op Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 118626  
Subject: Re: Form 8949/1099-B ? Date: 2/23/2013 12:12 PM
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LOL, Phil. Knew I might get called out on this somehow.

But I think I understand how to report Sales & Other Dispositions of Capital Assets on Form 8949. My (oops, damn pronouns), The it was the equity sale first mentioned.

Nevertheless, for Form 8949, the corrections to errors reported on a 1099-B for Capital Assets are only those designated for Box A (reported to the IRS).

For other "corrections" (the holding period stab) on 1099-B to Capital Assets reported for Box B or C (Supplemental Information, not reported to the IRS) to be recorded on Form 8949, ignore the 1099 errors and report the correct Cost Basis information on Form 8949 that your documentation (statements, confirms, etc) supports in Part 1 or Part 2 as appropriate.

Do I have the interpretations right now, or do I feel another (harder) ruler smack coming? :)

Thanks again,

op
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