DianeW777
Expert Alumni

Retirement tax questions

First, you can select 'something other than a date' and use a common and regular date of 'Various'.  You can always use the 'V' for various in the date acquired, however you must know the holding period (one year or less = short term/more than one year = long term).

 

Sales that can be combined in separate categories when using Various as the purchase date:

  1. Include all short term sales sold at a loss 
  2. Include all long term sales sold at a loss
  3. Include all short term sales sold at a gain
  4. Include all long term sales sold at a gain

Use the gross amount shown on the 1099-K, then add the fees (seller fees, buyer fees and taxes) as part of your cost basis.  Do not check the box 'I paid fees not included in what I just reported.' This action will cancel the fees and your result will be only the actual net gain or loss for each category.

 

@grr8scot 

 

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