Is 1099-B holding period determined by how long taxpayer (us) has owned/held stock or is it based upon time financial institute held stock for us?

[ashturbo]

Is 1099-B holding period determined by how long taxpayer (us)  has owned/held stock or is it based upon financial institute which issued the 1099-B held stock for us.

[JohnB5677]

The holding period to determine long or short term capital gain is based on the time the individual continually owned the investment.

If it was sold and repurchased to make a transition.  It would create a taxable event upon the sale, and the holding period would start over with the re-purchase.