On 1099b have a deposed stock, I do not know the dated acquired or the cost, ai do not want to declare the loss

[MichaelL1 · Accepted solution]

You will need to report the sale.

As long as sale was a year after the stock was purchased it is long term which is more favorable tax rate.

So you will have to enter a purchase date and estimate it the best you can.

For the cost basis you will have to enter a number and if you cannot determine the cost basis enter $0.

To enter your Investments sold

Click on Federal Taxes
Click on Wages and Income
Click on I'll choose what I work on
Scroll down to Investments
On Stocks, Bonds, Other, click the start or update button