Drake Tax - 8949: Acceptable Entries for e-Filing

Acceptable entries in Form 8949 description, date, sales, cost/basis, and proceeds fields

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