Get your taxes done using TurboTax

The software needs a date acquired because it has to be able to calculate whether the sales were short or long term transactions.  The capital gains rate is higher for short term (a year or less).   If it's blank on your 1099-B, it means the payer didn't have the information (probably because it was "various").

Look back into your records and enter a date.  If it isn't exact then enter something close.  Remember, the point is to ascertain if the gain is short or long term.

 

If you aren't sure how long you held the securities, try looking for the "Box" or "Code" on your 1099-B.  

If Box A or B is checked, then the holding period was less than one year. 

If Box D or E is checked, then the holding period was more than one year. 

 

@imaze007

@terrence_van

@cactusgg