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Get your taxes done using TurboTax
It sounds like you have a petty good handle on this.
You thought you could figure out the date you purchased the stocks and use that for original purchase date? That is correct. The rights were purchased on the same date as the stock.
The purchase date above along with the sale date would properly determine if it was short term or long term.
Cost Basis is zero. There was no cost for the rights that were included when you purchased the original stock.
This will all be posted to
Income & Expenses
- Scroll to Stocks, Mutual Funds, Bonds, Other
- Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
- On the OK, what type of investments did you sell? screen, select Stock, Bonds, Mutual Funds. Then select Continue.
- From here, you can import or manually enter your 1099-B.
- Answer the questions about your sales. Choose to Enter sales one by one when asked.
- On the Now, we'll enter one sale on your 1099-B screen, enter your info.
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‎April 11, 2021
7:48 AM
1,831 Views