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11790: 8949 - Acceptable Entries for E-filing


1040 Individual

What entries can I use in the 1040 Form 8949 description, date, sales, cost/basis, and proceeds fields if I am e-filing?

Your available choices, and whether they require paper-filing, are listed in the Help screen for these fields (press F1 in the field) on screen 8949:

  • 1b Date acquired
    • Enter the date acquired as an eight-digit number using MMDDYYYY format. This date is used to determine whether the sale is short-term or long-term.
    • Valid special codes that can be entered are also:
      • "VARIOUS" (for "Various")
      • "INHERIT" (for "Inherit")
      • "INH2010" (for "Inh-2010")
  • 1c Date sold or disposed
    • Enter the date sold as an eight-digit number using MMDDYYYY format.
    • Valid special codes that can be entered are as follows:
      • "BANKRUPT" (for "Bankrupt") (Treated as short-term by default)
      • "WORTHLSS" (for "Worthless")
      • "EXPIRED" (for "Expired") (Return MUST BE paper-filed)
  • 1d Proceeds
  • 1e Cost or other basis

For New Jersey e-filing purposes, except as noted below, you must enter a valid date (MMDDYYYY) for date acquired and date sold or you will have to paper file the NJ return. For the date acquired field, only two text entries are acceptable: "VARIOUS" and "INH2010." Do not enter "INHERIT" as the date acquired for NJ.

 


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