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marleneweis1
February 24, 2025
Question

My 1099-B section "Noncovered Securities with Undetermined Holding Period" includes a sale w/ no "Date Acquired", only the Date Sold. How do I complete the 1099-B review?

  • February 24, 2025
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    SabrinaD2
    February 24, 2025

    To complete the 1099-B review for "Noncovered Securities with Undetermined Holding Period" when the acquisition date is missing: Here are 3 options:

    1. Check Your Records: Look through your records to find the acquisition date and cost basis.
    2. Ask Your Broker: Contact your broker for any missing information.
    3. Estimate Acquisition Date: Determine if it's long-term (over a year) or short-term (a year or less).
      • Document Your Method: Keep detailed records of how you determined the acquisition date and cost basis.

    For more detailed guidance, you can refer to the IRS instructions for Form 1099-B.

     

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