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New Member
posted Feb 25, 2023 2:38:29 PM

How do I change the holding period on 1099-B - Turbo Tax says to do so, but does not provide instructions to do so

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2 Replies
Expert Alumni
Feb 26, 2023 12:48:09 PM

If TurboTax is providing that message to change the holding period, you might want to double-check the information about the transaction. If this was uploaded, there may have been an error. You can delete that entry and type the 1099-B in yourself.

 

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

  • Click on Federal Taxes 
  • Click on Wages and Income
  • Click on I'll choose what I work on
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button
  • Select Enter a different way and enter the information about the holding period, proceeds and cost basis

 

 

Level 15
Feb 26, 2023 12:56:26 PM

The holding period is determined by the Box category you select for Form 8949.

The dates do not matter.

@dycolorado