☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Apr 10, 2022 8:25:09 AM

My 1099-B doesn't have anything in Box 1b (Date Acquired). In TT, I selected the option that Box 1b is Blank, but I keep getting error msg "needs info". What do I put?

This 1099-B transaction involved the proceeds of about $20 from a stock distribution. (The company that I own some stock shares from an ESPP spun off another company for which I received cash in lieu of a very small fraction of shares.)

0 1 370
1 Best answer
Expert Alumni
Apr 10, 2022 8:56:08 AM

If you do not know the date of the spin-off to the other company, use 'various' as the date acquired.  This will assume that it is a short term transaction unless you specify otherwise.  

1 Replies
Expert Alumni
Apr 10, 2022 8:56:08 AM

If you do not know the date of the spin-off to the other company, use 'various' as the date acquired.  This will assume that it is a short term transaction unless you specify otherwise.