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Get your taxes done using TurboTax
If you don't see the Long-Term sales report to the IRS with Box B checked on your 1099-B. You can determine if the sale is short-term or long-term by calculating the dates purchased and sold.
To be considered Long-Term, you must have made the purchase longer than one year before it was sold. For example, you purchased stock on February 2020 and sold the stock in April 2022.
To be considered Short-Term, you must have made the purchase less than a year before it was sold. For example, you purchased stock on February 2022 and sold the stock in August 2022.
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‎February 6, 2023
8:44 AM