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hlai
Level 1

Could I split one 1099B transaction into short term and long term transactions?

I have 1 noncovered transaction in form 1099-B ("date acquired" and "cost basis" boxes are blank).  It was from a sale of the same stock with both short term and long term holding period.

 

I do have a separate long list from the broker with "date acquired" and "cost basis".

 

Could I just manually split this transaction into 2, one for short term and one for long term, and manually enter into TurboTax?

 

Thanks

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DavidD66
Expert Alumni

Could I split one 1099B transaction into short term and long term transactions?

Not only can you, but you should split the transaction up in to long term and short term.  As you mentioned, just manually split the transaction and report one long term and one short term.  

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2 Replies
DavidD66
Expert Alumni

Could I split one 1099B transaction into short term and long term transactions?

Not only can you, but you should split the transaction up in to long term and short term.  As you mentioned, just manually split the transaction and report one long term and one short term.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
hlai
Level 1

Could I split one 1099B transaction into short term and long term transactions?

Thanks

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