1099B coded X: Individual 48 sales most are fractional shares don't identify Acquistion Date or Cost Basis. They are part of a 2nd generation inherited portfolio. I have call into bank's brokerage office with the Trade Number to assist. Suggestions?

When the Acquisition Date and Cost Basis are blank, the broker that issued the 1099-B doesn't know these values.

 

You don't need an exact Acquisition Date; choose 'Inherited' in TurboTax for how you received the stock, and the holding period is automatically long-term.  You can enter the date you got the stocks. 

 

If you know the date of death, you can look up the historical value at Big Charts.

 

@Chuck48 

 

 

Thank you for that information. That makes sense!  Appears I now need to delete the automatic upload of this 1099 B and manually re-enter myself with the information suggested here; and to then apply it to the summary level of this sale as opposed to each of the 48 fractional sales - correct? Thanks again.