Date of Sale or Exchange
The stockbroker reports the date the stock was sold in box 1a of Form 1099-B. If the securities were noncovered securities, use this date, along with the purchase date provided by the taxpayer, to determine the holding period. If the securities sold were covered securities, the stockbroker reports on Form 1099-B, box 1b, the date the stock was acquired, and in box 1c, whether the gain was short-term or long-term.
The stockbroker reports the sales price of stock shares in box 2a of Form 1099-B and indicates if the amount is the sales price (gross proceeds) or sales price less commissions and option premiums (net proceeds).
If gross proceeds, add the broker’s commissions and fees to the basis before entering the amount on the Capital Gain or Loss Transactions Worksheet.