The Form 1099-B that you receive might only report the sale date and sales proceeds. If it does not report the date acquired or cost basis, you still need to enter that information when you report your Form 1099-B in the TaxAct program so that it will transfer to Schedule D and/or Form 8949. The Cost or Other Basis is generally the cost you paid for the property, plus purchase commissions, recording or transfer fees, and any improvements, minus depreciation, amortization, and depletion. The Date Acquired is generally the date you acquired the asset (or the trade date). If you didn't keep the documents involved in the transaction, you will need to get the information from your broker. For more information about Form 1099-B, go to the IRS Instructions for Form 1099-B.

Report your Form 1099-B information, and enter your 1b. Date acquired and 1e. Cost or other basis:

1. From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
2. Click the Investment Income dropdown, click the Gain or loss on the sale of investments dropdown, then click Capital gain or loss (Form 1099-B).
3. Click + Add Form 1099-B? to create a new copy of the form or click Edit to edit a form already created (desktop program: click Review instead of Edit).
4. Click Step-by-Step Guidance to continue with the interview process and enter your information.
5. From within your Form 1099-B, on the Investment Sales - Transaction Details screen, enter the date you acquired the asset in the Date acquired field.
6. Enter the relevant amount in the Cost or other basis field, then click Continue.

Note that any link in the information above is updated each year automatically and will take you to the most recent version of the webpage or document at the time it is accessed.