Blank is not a valid entry. Form 1099-B, box 1b is Date acquired. The IRS needs to know if the investment is short-term or long-term. This will affect how the investment is taxed. It may be taxed as ordinary income or taxed using capital gains rates.
- If the 1099-B form is blank but you know the date you purchased or acquired the investment, enter the date.
- The other option, if it's multiple dates, select the radio circle, Something other than a date and select Various.
Here are some other tips:
- If you held the security for more than 1 year, then enter a "Date Acquired" that is more than 1 year before the date you sold the security.
- If you held the security for less than 1 year, then enter a "Date Acquired" that is less than a year before the date you sold the security (1/1/2015 will work).
If you aren't sure how long you held the security, 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. Source: RayW7
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