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New Member
posted Jun 4, 2019 11:09:53 PM

I was given 10 shares of stock valued at $50.00 purchased 10-22-2001. They are now delisted and 1099b shows acquisition of $22.50 and sales proceeds of $22.50. I do I enter original cost basis of $50.00

I have copies of stock, cusip numbers etc.

0 3 356
1 Best answer
Level 7
Jun 4, 2019 11:09:55 PM

Yes, you would use the cost basis of your donor on the date of purchase.

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button


3 Replies
Level 7
Jun 4, 2019 11:09:55 PM

Yes, you would use the cost basis of your donor on the date of purchase.

To enter an investment sale from a brokerage account (1099-B), follow the steps below.

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Wages and Income (Personal Income using Home and Business)
  • Click on I'll choose what I work on (if shown)
  • Under Investment Income
  • On Stocks, Mutual Funds, Bonds, Other, click the start or update button


New Member
Jun 4, 2019 11:09:56 PM

Gracias VinceL

Level 7
Jun 4, 2019 11:09:58 PM

Your welcome and thanks for choosing TurboTax!