On the form 1099-B, 1b, I have 2 different purchase dates for one stock. How do I enter them both?

[JamesG1 · Accepted solution]

You may report two entries with the original purchase date for each.  In that case, you may have to allocate the selling price over the two entries.

Or, you may report one entry with an original purchase date of Various.  In that case, you would have to make sure that the software correctly reports short-term or long-term status for the entry.

You may manually update the cost basis (and other details of the sale) by following these steps: 

1. Down the left side of the screen, click Federal.
2. Down the left side of the screen, click Wages & Income.
3. Click the down arrow to the right of Investments and Savings.
4. Click to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (1099-B).
5. Click the down arrow to the right of the investment.
6. Click Edit.
7. Click the pencil icon to the right of the entry to be reviewed.
8. At the screen Review this XXX sale, update the entry.

Within the manual entry screens, at the screen Review this XXXX sale, you may enter Various.

Select Something other than an date, then select Various from the drop down menu.

Make sure that the appropriate long-term or short-term status is reported at the screen Did you acquire this investment more than a year before you sold it?