If the Grantor Tax Advise Letter shows only your capital gain and a short term loss (does not include the cost or sales price per se) it can be entered as follows using the same menu:
- Capital gains and losses - Investment Income > Stocks, Mutual Funds, Bonds, Other (You did not receive Form 1099-B)
Capital gain - use this as the selling price, with zero cost basis and be sure to select a purchase date that creates long term treatment (more than one year from the sell date). If you use 12/31/2021 as the sell date then the purchase date must be 12/30/2020 or earlier.
Short term loss - use the selling price of $1 and the cost basis is the loss plus $1. The date of sale can also be 12/31/2021 and the purchase date can be any date in 2021.
@Mammy5
Please update here if you need further assistance and one of our tax experts will help.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
