The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Cost basis calculation (whadda headache)||Date: 2/1/2000 2:21 PM|
|Author: pmarti||Number: 26621 of 120474|
<< Gotcha -- thanks. I gather that if I do this in TurboTax, I should enter it as a ``forced short' assuming the period is less than a year? (Otherwise it'll require a single date.) >>
Try typing a "v" in the purchase date and see what it does. I don't know what a "forced short" is in TT parlance, but it is not what you have. If all else fails, you could try TT help.
<< So, one last thing.. If I have a sale of 5000 shares, where 2500 were bought within a year, and 2500, say, two years ago -- do I split it into two sales? >>
Yes. Don't forget to apportion your sale commission/fees between the two lots.
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