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The date acquired is not listed on the form. These securities were purchased probably sometime between 2003 & 2005. What should I list as date acquired?

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Best answer by ToddL

Enter 12/312005 as the "date acquired".

The only way this entry makes any difference on your tax return is if it was purchased a year or more before the date you sold the securities.

If it was purchased a year or more before the date sold , then any gain or loss or loss is treated as long-term for tax purposes.

If it was not purchased a year or more before the date sold, then any gain or loss or loss is treated short-term for tax purposes.

ToddLAnswer

Employee

Enter 12/312005 as the "date acquired".

The only way this entry makes any difference on your tax return is if it was purchased a year or more before the date you sold the securities.

If it was purchased a year or more before the date sold , then any gain or loss or loss is treated as long-term for tax purposes.

If it was not purchased a year or more before the date sold, then any gain or loss or loss is treated short-term for tax purposes.

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