turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Where do I put unknown term gains or losses from 1099-B form?

where do I put unknown term gains or losses

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

Where do I put unknown term gains or losses from 1099-B form?

You will enter unknown term gains or losses in the 1099-B interview along with your other stock transactions, but you will need to provide the missing purchase date or manually choose long-term or short term transaction.  When it comes to the date acquired, your 1099-B can still be useful (even though it left this area blank). As long as each sale was listed as either short-term or long-term, you can type in the word "Various" in the box for date acquired.

When you enter or edit the specific transaction and do not include a purchase date, you will see the page Tell us about your no purchase date 1099-B.  Your 1099-B likely reports this as a Box X transaction, so select that option next to Sale Category.

This will open another menu where you can choose the long-term (over a year) or short-term (less than a year) option.  If you don't know how long you've had it, the transaction is automatically considered short-term.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies