What should I enter as the Date Acquired of my investment?
In most cases, you should enter the date you purchased the stock or investment. For example, if you bought 100 shares of ABC stock on May 16, 2013, you would enter 05/16/2013 as the acquisition date.
If you received Form 1099-B or a substitute statement, enter the date from the "Date Acquired" column/box (it's often referred to as Column or Box 1b).
If the date isn't listed on your form, check later pages of your brokerage tax statement or review your transaction history with your brokerage.
The acquisition date is important because it determines how long you've owned the investment. Investments held for more than one year are generally taxed at a lower rate than those held for one year or less.
If you obtained the stock or investment through inheritance, select "No" when asked if you acquired it on a specific date, then choose "Inherited."
If you received Form 1099-B or a substitute statement, enter the date from the "Date Acquired" column/box (it's often referred to as Column or Box 1b).
If the date isn't listed on your form, check later pages of your brokerage tax statement or review your transaction history with your brokerage.
The acquisition date is important because it determines how long you've owned the investment. Investments held for more than one year are generally taxed at a lower rate than those held for one year or less.
If you obtained the stock or investment through inheritance, select "No" when asked if you acquired it on a specific date, then choose "Inherited."
