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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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non classified securities reporting long term gain
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mstsax
Level 3
03-19-2024
04:55 PM
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3 Comments 3
qbteachmt
Level 15
03-19-2024
07:20 PM
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You didn't state your question or issue you are having with ProConnect. Also, did you mean noncovered, or nonclassified?
Link: https://www.investopedia.com/terms/n/non-covered-security.asp
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mstsax
Level 3
03-19-2024
08:30 PM
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My Question is about an entry on a Merrill Lynch consolidated 1099 where it shows a separate categary for sales of non classified securities. should these be reported like any other security on schedule d? And what are non classified securities?
sjrcpa
Level 15
03-19-2024
09:04 PM
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"should these be reported like any other security on schedule d?" Yes
"And what are non classified securities?" It usually means they don't have enough info to classify as covered, for basis, or holding period.
The more I know, the more I don't know.
