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tcw1912
February 28, 2025
Question

On schedule of gains and losses, my Pa state returns says I need an acquisition date How do I correct this?

  • February 28, 2025
  • 2 replies
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No text available

    2 replies

    P
    prc1234
    February 28, 2025

    Normally your 1099-B box 1b will show the "Date acquired" if it is short term basis or if it is long term basis it will show the Date acquired or "Various".

    J
    JamesG1
    March 10, 2025

    Rather than a 'Date acquired', you report 'Various'.

     

    You are still required to determine long-term and short-term losses that are reported in the Sales sections.

     

    • Short-term gains or losses come from the sale of investments owned one year or less.
    • Long-term gains or losses come from the sale of investments held more than one year.

     

     

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