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angela1
Level 3
03-10-2022
04:11 PM
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A client of mine received a 1099-B for a stock sale. She said she received this stock from her company when she worked there in leu of compensation. She received the stock in January 2017 and the company/stock was sold in June 2021. She claims that this is small business stock. If it truly is small business stock do I have to receive documentation that is is SBS or do I take her word for it? If it was small business stock, it wouldn't qualify because it wasn't held for 5 years since it was given in 2017 and sold in 2021. Correct? I've never had to deal with SBS before so I need to make sure I have it absolutely correct.
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