I purchased stock over 1 yr ago and sold it for a profit putting me in a long position. Where can I enter in purchase date so I am only paying capital gains?

[Critter]

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on
• Under Investment Income
• On Stocks, Mutual Funds, Bonds, Other, click the start or update button

[DaveF1006]

To report his: 

1.   From the top, select tab Federal Taxes / Wages and Income>see all income

2.   Scroll down to investment income>Stocks, Mutual Funds, Bonds, Other>Start

3.   Next screen will say Let's get your tax info indicate you will type it in

4.  Continue on the next screen. will ask you how many sales on your 1099 B indicate how many.

5.  When you get to Now we'll walk you through entering the info on your 1099-B.  this is where you enter the sale of the investment of the investment.  Box 1B is where you will you enter the purchase date "The date this investment was acquired."  To be long term, the date acquired and date sold must be more than 1 year.