Investors & landlords

Thank you ThomasM125!

Yes, I will deduct the total basis for the sum of all sales.   I should have said that.  My mistake.

A follow-up question:  Whether I send in a statement to the IRS or report each sale separately, I must report the date acquired for each item that I sold.    What if the item was acquired years ago as a gift and I don't know the date acquired?   I tried to report each sale separately, but turbotax will not allow me to complete the section without entering a date acquired.   (For the 2 items received as a gift I was planning to report a zero basis on those.)

Thanks again!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

What information do I need to include on the