jeffmcpa2010
Level 11
04-15-2022
11:25 AM
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When I look up code X for 1099-B this is what I see
Code X. Use this code to report a transaction if you cannot determine whether the recipient should check box B or box E on Form 8949 because the holding period is unknown.
I don't see anything there about an exclusion, just that the issuer did not know the holding period of an uncovered security.