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
- 1c Date sold or disposed
- 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" (which is converted to 01-01-2010 for the NJ return). Do not enter "INHERIT" as the date acquired.