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New Member
posted Feb 7, 2021 7:47:24 AM

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"?

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3 Replies
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?

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. 

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.