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I am being told to supply a "Date Acquired" for one of my 1099-B Worksheet entries. I have specified that this is blank on the 1099-B, but it will not allow me to file.

 
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3 Replies
ThomasM125
Employee Tax Expert

I am being told to supply a "Date Acquired" for one of my 1099-B Worksheet entries. I have specified that this is blank on the 1099-B, but it will not allow me to file.

You need to enter a date as the IRS requires it. The purpose of the date is to determine if your sale is long term (security held for more than a year) or short term (security held for less that one year.) So, you need to estimate the date required if you don't know it for sure, based on the parameters I mentioned.

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I am being told to supply a "Date Acquired" for one of my 1099-B Worksheet entries. I have specified that this is blank on the 1099-B, but it will not allow me to file.

I've entered blanks in the past with no problem. But I did try to enter a date and it still didn't take it.

RayW7
Expert Alumni

I am being told to supply a "Date Acquired" for one of my 1099-B Worksheet entries. I have specified that this is blank on the 1099-B, but it will not allow me to file.

If the "Date Acquired" field is blank on your Form 1099-B, it means the Payer didn't have that information. You would need to provide an answer from your records or enter a date that is consistent with the holding period.

 

If you held the security for more than 1 year, then enter a  "Date Acquired"  that is more than 1 year before the date you sold the security.  

If you held the security for less than 1 year, then enter a  "Date Acquired"  that is less than a year before the date you sold the security. 

 

If you aren't sure how long you held the security, try looking for the "Box" or "Code" on your 1099-B.

If Box A or B is checked, then the holding period was less than one year. 

If Box D or E is checked, then the holding period was more than one year. 

 

 - Various - You bought shares of a security at different times, as you would if you bought more than one block of stock or regularly reinvested dividends in additional shares.

 

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