turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Have securities sold on one day but the securities bought on multiple days. They all are short term gain transactions in the 1099-B. Do I need to list them separately?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Have securities sold on one day but the securities bought on multiple days. They all are short term gain transactions in the 1099-B. Do I need to list them separately?

I have the exact same circumstance, but I download my 1099-B's directly from my financial institution (which saves a lot of manual input on my end).  When you download from your financial institution, the info coming across is already identified as short term or long term and Turbotax enters "VARIOUS" in the Acquired Date column (so they don't have to be listed individually.)  Don't know if you are given the option to enter VARIOUS when entering manually.

DianeW777
Employee Tax Expert

Have securities sold on one day but the securities bought on multiple days. They all are short term gain transactions in the 1099-B. Do I need to list them separately?

No, separate listing is not necessary.  When you enter your sales you can select 'Something other than a date' and then choose Various. The most important factor is making sure you select 'Short term' as the holding period.

 

@geraralfaro 

@LJN123 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question