topic Unknown acquisition date and cost basis entry on sale of stock - how is this entered? in Investors & landlords

Unknown acquisition date and cost basis entry on sale of stock - how is this entered?

mrppcox — Tue, 04 Jun 2019 23:26:43 GMT

The fields will not accept "Unknown."

For the purchase date you can us the word Various however...

Critter — Tue, 04 Jun 2019 23:26:45 GMT

For the purchase date you can us the word Various however you must enter a cost basis amount ...if the broker didn't have the information then you will need to figure it out. If you don't know it then enter a zero and all of the sale is 100% taxable.

Re: For the purchase date you can us the word Various however...

jwzat — Thu, 04 Mar 2021 20:47:52 GMT

In the case mentioned (unknown purchase date and cost basis), what do you select for "Sale Category" in TTax Premier? "Long term not covered"? "Long term not reported"? My brokerage statement doesn't state which to use. Thx