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I sold a few shares of my Met Life stock to dispose of them completely. Is this a Long term or a short term transaction.?It was reported to the IRS

 
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2 Replies
MinhT1
Expert Alumni

I sold a few shares of my Met Life stock to dispose of them completely. Is this a Long term or a short term transaction.?It was reported to the IRS

It depends on the time you have held those shares before you dispose of them.

 

If you have held then them for more than a year, then the capital gain/loss is long term.

 

I you have held them for a year or less, it is short-term.

 

Please read this IRS article for more information.

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I sold a few shares of my Met Life stock to dispose of them completely. Is this a Long term or a short term transaction.?It was reported to the IRS

the broker will send you a 1099-B and indicate if they are short-term- held one year or less or long-term held over a year.   if inherited they are automatically long-term use inherited for the date acquired 

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