Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
qwzii
New Member

Long Term or Short Term Investment

Hello, I've been investing into this same stock a little over a year or two now. My first purchase of stock goes back since over a year ago, while my last purchase goes to.. right now.. Let's say the stock shoots up crazy style, and I pull everything out the very next day. Would this be considered a short term or long term investment?

1 Best answer

Accepted Solutions
tagteam
Level 15

Long Term or Short Term Investment

You would have a split; the shares you held for more than a year would be long-term, while the shares you held for one year or less would be short-term.

View solution in original post

2 Replies
tagteam
Level 15

Long Term or Short Term Investment

You would have a split; the shares you held for more than a year would be long-term, while the shares you held for one year or less would be short-term.

fanfare
Level 15

Long Term or Short Term Investment

Your stock investments SELL transactions are covered transactions now.

The broker will tell you and the IRS  how much you held for more than one year.

and how much you held for one year or less.

Use the TurboTax  "enter a summary" option to put your numbers on Schedule D Line 1a or Line 8a.

Category Box A or Box D sales without adjustments do not require Form 8949.

 

@qwzii 

 

Dynamic AdsDynamic Ads
Privacy Settings
v