turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

carolineo
Returning Member

Filing 1099-B as nominee with both short-term and long-term gains

Last year I sold some stocks that are in my name but partially owned by my ex-spouse, so I understand that I need to file a 1099-B for her portion of the sales.

 

All of the shares were of the same stock and sold on the same date, but they were purchased on different dates and thus some are long-term and some are short-term, and they have different cost bases. Do I need a separate 1099-B form for each lot, or do I report them in sum on one form? Or would it be two 1099-B forms, one for short-term and one for long-term?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
RobertB4444
Employee Tax Expert

Filing 1099-B as nominee with both short-term and long-term gains

If they all sold on the same date then you can do them in two lots - all of the short term and all of the long term together.  You put 'Various' as the purchase date.  Make certain to separate the short and long term though.  They have different tax rates.

 

@carolineo 

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question