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tcw1912
New Member

On schedule of gains and losses, my Pa state returns says I need an acquisition date How do I correct this?

 
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2 Replies
prc1234
Returning Member

On schedule of gains and losses, my Pa state returns says I need an acquisition date How do I correct this?

Normally your 1099-B box 1b will show the "Date acquired" if it is short term basis or if it is long term basis it will show the Date acquired or "Various".

JamesG1
Expert Alumni

On schedule of gains and losses, my Pa state returns says I need an acquisition date How do I correct this?

Rather than a 'Date acquired', you report 'Various'.

 

You are still required to determine long-term and short-term losses that are reported in the Sales sections.

 

  • Short-term gains or losses come from the sale of investments owned one year or less.
  • Long-term gains or losses come from the sale of investments held more than one year.

 

 

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