Why can't I override cost basis and date acquired for stocks sold?

Forum|Forum|5 years ago
March 28, 2021
4 replies
46 views

I sold 3 stocks in 2020 which was in my Vanguard brokerage account. When I downloaded the transactions to TT, I noticed that the dates acquired and cost basis were wrong. These were classified as Box E so basis was not reported to the IRS. In that case, why can't I correct it? TT won't let me override it. It actually lets me override, but when I do the Smartcheck, it keeps coming up as an error.

The original stock (HP) I bought in 1997 and it has had many spinoffs so not surprising Vanguard couldn't keep it straight, but I have my own records and want to correct it. How do I do that?

LindseyLO

Level 12

More guidance and assistance on your 1099-B has been provided by clicking here.

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gensukiAuthor

Level 2

Unfortunately this is not my problem. The information from Vanguard loaded correctly except the information from Vanguard is wrong and I want to override it. However, when I do override it and do SmartCheck, TT says I should not override it. This is not the same as the link you sent me which was about a blank date.