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mombev14
New Member

On the 1099-B it doesn't have date acquired on the form what do I do?

I'm trying to wrap the income tax up.
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1 Reply
ToddL
New Member

On the 1099-B it doesn't have date acquired on the form what do I do?

You would have to estimate the date acquired from your own records or recollection; the IRS only needs to know if you held the security for mare than a year before selling it

If you acquired the security more than a year before you sold it, you can enter 01/01/2015. This will identify the transaction as "Long-term".

If you acquired the security less than a year before you sold it, you can enter 01/01/2016. This will identify the transaction as "Short-term".

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