How do I handle Proceeds from Barter Exchange Transactions? 1099-B shows N/A under date acquired and N/A cost basis for 29.99 in proceeds - add'l info says cash in lieu?

TT won't let me proceed with out an acquisition date, and when I select "something other than a date" for Box 1b I can't leave it blank.

248

Expert Alumni

Apr 18, 2022 1:59:35 PM

If you cannot find the specific information:

Make it most favorable to the IRS: Short-term with a cost basis of $0.

Enter the acquisition date: 1/2/2021.