Dave T Posted February 17, 2020 Report Share Posted February 17, 2020 Working on Dad's tax return ( he passed in 2019.) During 2019 he sold a number of assets to pay his nursing home bill. The brokerage statement shows these transaction but one in particular has 'Unknown" for date of acquisition. I know that he purchased this one stock many years ago so am sure it is long term but not sure of the date. I tried putting 'Unknown" in the date acquired field and received an error message stating valid entries are, Various, a Specific Date, or INH-2010. Not sure what this last item is but seems to work when entered. Anyone know what this stands for? Thanks Dave T Quote Link to comment Share on other sites More sharing options...
Possi Posted February 17, 2020 Report Share Posted February 17, 2020 I have never seen that. Maybe it means "inherited" and it's long term. Quote Link to comment Share on other sites More sharing options...
Lion EA Posted February 17, 2020 Report Share Posted February 17, 2020 I think it has to do with inherited property, which is not your case. You probably want to enter Various and then Long Term, however you do that in your software. (In mine, I enter 99/99 for the software to enter Various, and I enter L for it to be treated as long term.) Quote Link to comment Share on other sites More sharing options...
Gail in Virginia Posted February 17, 2020 Report Share Posted February 17, 2020 I believe that INH-2010 refers to property from a person deceased in 2010 whose executor made the election to file form 8939 for the property. That is the form for the allocation of an increase in basis for property acquired from a decedent. Quote Link to comment Share on other sites More sharing options...
Dave T Posted February 17, 2020 Author Report Share Posted February 17, 2020 Thank you Gail and others. Dave T Quote Link to comment Share on other sites More sharing options...
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