Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
You don't average, you add all your purchases to come up with the total basis. Then you report the purchase date as "various" in accordance with the Schedule D insructions.

Accountant in a Box could tell you this if you could figure out how to ask it in a way that the programmer anticipated. It will, however, understand "various."




Phil,

Thank you for your prompt reply.

Based on your answer, I created a simple Excel spreadsheet. I entered all of the fractional shares purchased in column A and the price I paid for a full share on the date of purchase in column B. Then in column C entered the formula “=A1*B1” to give me the amount I invested for each purchase and then added all amounts to give the total basis.

In TurboTax I typed a “v” in the Date of Purchase field and it completed the word “various” as you implied it would.

Thanks again &

Regards,
sonrol
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.