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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 128956

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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