Short term, transaction for basis and report to the IRS
on my 1099B it doesn’t show long-term or short term checks in the box in the sales selections which one should I check
01544
1 Replies
DavidD66
Expert Alumni
Feb 26, 2025 6:23:31 PM
If you held the asset you sold (or otherwise disposed of) more than a year, then you should select "long term, basis not reported to the IRS. If you held the asset one year or less, select "short-term, basis not reported to the IRS.