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Level 1
posted Feb 28, 2021 8:16:12 AM

If my 1099-B form is missing Date Acquired, what should I enter?

This is from stock sale that was acquired many years ago

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2 Replies
Expert Alumni
Mar 1, 2021 11:02:39 AM

If the stock was acquired "many years ago", just enter a "Date Acquired" that is more than one year before the date you sold the stock.

 

As long as you held the investment for more than one year, you will get favorable tax treatment of any gain on the sale - holding it for 1 year gets you the same tax benefit as holding it for 5 years or 50 years.

Level 1
Mar 3, 2021 5:45:28 AM

Thank you - it worked!