Where should I enter the acquisition date and basis of inherited stock on TurboTax Deluxe for Mac, Download? Vanguard's 1099-B leaves these items blank.
Should I enter my known acquisition date and cost basis in TurboTax's 1099-B line item boxes even though Vanguard's 1099-B leaves those boxes blank?
I have already entered long term even though Vanguard says the holding period is unknown to them (the date of my mother's death was Nov. 17, 2009 and Computershare transferred the stock to Vanguard in Dec, 2009 - it was in my acccount at Vanguard until I sold it in August, 2017.
The only answer I see is telling me how to figure out my acquisition date and basis. I know these items. My question is how to enter them in TurboTax, since Vanguard's 1099-B has blank boxes for these items. Should I enter my known data in TurboTax as if it was provided in Vanguard's 1099-B?
Yes enter the information into Turbo Tax. It is pretty common to receive a 1099-B with incomplete or missing information. See attached screen shots from Turbo Tax if you would like more information about entering missing data, click on button in Turbo Tax.
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Where should I enter the acquisition date and basis of inherited stock on TurboTax Deluxe for Mac, Download? Vanguard's 1099-B leaves these items blank.
Should I enter my known acquisition date and cost basis in TurboTax's 1099-B line item boxes even though Vanguard's 1099-B leaves those boxes blank?
I have already entered long term even though Vanguard says the holding period is unknown to them (the date of my mother's death was Nov. 17, 2009 and Computershare transferred the stock to Vanguard in Dec, 2009 - it was in my acccount at Vanguard until I sold it in August, 2017.
Why do you want to report this?
The only answer I see is telling me how to figure out my acquisition date and basis. I know these items. My question is how to enter them in TurboTax, since Vanguard's 1099-B has blank boxes for these items. Should I enter my known data in TurboTax as if it was provided in Vanguard's 1099-B?
- Asked by Steve
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TurboTax Deluxe
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1 person found this helpful
You are way ahead then.
Yes enter the information into Turbo Tax. It is pretty common to receive a 1099-B with incomplete or missing information. See attached screen shots from Turbo Tax if you would like more information about entering missing data, click on button in Turbo Tax.
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