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Rock3333
New Member

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

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1 Reply
DavidD66
Expert Alumni

Short term, transaction for basis and report to the IRS

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.  

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