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mamajules47
February 3, 2025
Question

I sold a few shares of my Met Life stock to dispose of them completely. Is this a Long term or a short term transaction.?It was reported to the IRS

  • February 3, 2025
  • 2 replies
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    2 replies

    M
    MinhT1
    February 3, 2025

    It depends on the time you have held those shares before you dispose of them.

     

    If you have held then them for more than a year, then the capital gain/loss is long term.

     

    I you have held them for a year or less, it is short-term.

     

    Please read this IRS article for more information.

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    M
    Mike9241
    February 3, 2025

    the broker will send you a 1099-B and indicate if they are short-term- held one year or less or long-term held over a year.   if inherited they are automatically long-term use inherited for the date acquired 

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