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teri-moneysmith
February 10, 2025
Question

How do I record unknown on Box 1b Form 1099-B?

  • February 10, 2025
  • 1 reply
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How do I record date acquired Form 1099-B when unknown?

    1 reply

    D
    DianeW777
    February 10, 2025

    It depends.  If you do not know when you acquired the asset you sold, you can choose 'Something other than a date' and use 'Various'.

     

    The most important key is whether you know if you held it long term or short term when there is a gain.

    1. Long term: held more than one year (one year plus one day)
    2. Short term: held one year or less
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