ThomasM125
Expert Alumni

Retirement tax questions

Box 1(c) on  Form 1099-B is used to report the date a security was sold. You need to choose a date that will indicate if the sale was long-term or short-term. It is likely your Form 1099-B will indicate which holding period applies, if so choose a random date close enough or far enough away from the acquisition date to result in the sale being considered short-term (held a year or less) or long-term (held for more than one year). The only significance of the date is to determine if the sale is short-term or long-term, so pick a date that will give you the correct result.

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