ThomasM125
Expert Alumni

Investors & landlords

You do need to enter a date acquired, as that is used to determine if the sale is long term (held for more than one year) or short term (purchased and sold in less than one year). The important thing is to choose a date that will reflect if the sale is long term or short term, so if you don't know the exact date you should choose one that will give you the correct holding period, one year or more than one year.

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