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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.)
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Accepted Solutions
AnnetteB6
Expert Alumni

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?

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.  

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1 Reply
AnnetteB6
Expert Alumni

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?

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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