- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You are correct. If these are personal items, you cannot go below $0. However, if you did not actually sell the item, then you would not want to enter the total cost of goods. When I go through and enter $0 for Cost Basis, it does allow me to proceed. You should be able to enter $0 because there are times, when a person truly has no basis, such as they found it along the road.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎February 6, 2023
2:11 PM