i got a 1099-B from my old company that dissolved. there's no discernment whether it's short vs long term, covered or non-covered. no date acquired or sold. what now?

[DianeW777]

It depends. Only you are required to know the date acquired, date of sale and the amount you paid for the investment.  If you do not have that information you can use the following to make your entry.

• Purchase date - use 'Something other than a date' and select 'Various'
• Enter the sales proceeds
• Holding period will be either long or short term.  See the differences below and then make a selection.
  • Short term noncovered or long term noncovered.
• Cost to the best of your knowledge - you can check various websites for approximate values on a close date you may have acquired it.

Holding Periods:

• Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
• Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

To enter your sale in TurboTax, follow these steps. 

1. Open or continue your return.
2. Navigate to the investment sales section:
   • TurboTax Online/Mobile: Go to investment sales. If using this application, make sure it is open
   • TurboTax Desktop: Search for investment sales and then select the Jump to link.
     • Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other
3. Answer Yes to the question Did you sell any of these investments in 2024? 
   • If you land on  the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
   • Click this link for more information. Where do I enter Investment Sales?