Skip to main content
February 15, 2023
Question

I don't have a acquired date on one sell and can't go on

  • February 15, 2023
  • 1 reply
  • 0 views
I have no record of a buy so I left it blank but I keep getting need  more infol what do I do?

1 reply

February 15, 2023

You need to enter a date for the "buy" to determine if you'll have a short term or long term gain or loss because the tax treatment is different for short term versus long term. 

 

Start by looking through your paperwork for anything that might trigger your memory of when you purchased or received the stock. This could be the actual stock certificate, an old tax return with dividend or other pertinent details, or some event that would have coincided with the stock's purchase, like a Christmas bonus or other unexpected windfall.

 

Then, try to narrow it down to a date or a date range. Once you have that, follow these instructions to locate historical prices.

 

If your best estimate is a date range rather than a specific date, use the historical prices at the start date and end date of that time frame to come up with an average stock price for that time period. Make sure you keep a record of your calculation in case the IRS wants to know how you came up with the cost basis.

 

Related Information:

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"