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How do I know if my 1099B is long term or short term if it doesn't say that on my form?

 
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2 Replies

How do I know if my 1099B is long term or short term if it doesn't say that on my form?

It should be on the form but long term is an asset that was held for more than a year. 

ToddL99
Expert Alumni

How do I know if my 1099B is long term or short term if it doesn't say that on my form?

If you held the investment (e.g. stock, bond, land, home. etc.) for 1 year or longer, then it is "long-term".

 

If you held the investment (e.g. stock, bond, land, home. etc.) for les than 1 year, then it is "short-term".

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