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Retirement tax questions
If the stock was acquired "many years ago", just enter a "Date Acquired" that is more than one year before the date you sold the stock.
As long as you held the investment for more than one year, you will get favorable tax treatment of any gain on the sale - holding it for 1 year gets you the same tax benefit as holding it for 5 years or 50 years.
March 1, 2021
11:02 AM