I bought stocks, but never sold.. do I need to report it on my tax forms?

Question

I bought some stocks, in my own account, and have held onto them for a while now since mid 2010.  Do I need to tell the IRS that I bought but never sold?  

or do I need to report the stocks I bought on any special forms even though I never sold them?

FYI, I did receive dividends, and I know I have to pay tax on that and will be reporting that, but I never sold the stocks themselves.

Nomadd · Accepted Answer

You don't need to report them until you sell them because you don't make any non-dividend money off them till then. In other words there's nothing to report, other than the dividends.

Anonymous · Answer

The IRS doesn't care until you sell the stocks.  Until then, only dividend income is reported.

? · Answer

each and every inventory sale transaction generates a Form1099-B. You checklist the purchase/sell value and purchase/sell date for one and all on time table D that's filed with Form1040. information mandatory is obtainable out of your broker provider.

tro · Answer

no
only report sales on Sch D

Anonymous · Answer

Unsold stock is not a taxable event.

I bought stocks, but never sold.. do I need to report it on my tax forms?

5 Answers