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M
mombev14
June 4, 2019
Question

On the 1099-B it doesn't have date acquired on the form what do I do?

  • June 4, 2019
  • 1 reply
  • 0 views
I'm trying to wrap the income tax up.

1 reply

T
ToddL
Employee
June 4, 2019

You would have to estimate the date acquired from your own records or recollection; the IRS only needs to know if you held the security for mare than a year before selling it

If you acquired the security more than a year before you sold it, you can enter 01/01/2015. This will identify the transaction as "Long-term".

If you acquired the security less than a year before you sold it, you can enter 01/01/2016. This will identify the transaction as "Short-term".

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