I don't know how to count how many sales are on my 1099-B form;there are two different lines, so I can assume two, or do I count the numbers in "Description of Property"?
031002
3 Replies
DaveF1006
Expert Alumni
Feb 7, 2021 5:33:27 PM
When you say two lines, could these be for long-term sales or short term sales? The question is, how many transactions are there or how many descriptions of property are there?
m-luevano
New Member
Feb 8, 2021 3:05:48 AM
There is one line for short-term sales and one for long-term. My confusion is just that I only withdrew money from that account once, so to my uneducated mind, that's just one transaction.
npierson7
Level 1
Feb 8, 2021 12:18:08 PM
It does not matter if you withdrew your money of left it in your account. If the sale of securities caused loss or gain, it is taxable event.