I'm entering data from the 1099-DIV form I got from Vanguard. It has $113.xx worth of nondividend distributions. TaxAct said I had to pick the cost basis for it, I didn't find the information on the form so I selected zero and now it says this:
You entered nondividend distributions on Form 1099-DIV for Vanguard Marketing Corp. The nondividend distributions exceed your basis in the stock by $114. This amount will be reported as a capital gain on Form 8949. If you held the stock under one year before receipt of the nondividend distributions, select "Short-term" below. If you held the stock one year or longer, select "Long-term."
I'm not sure where to find this info, I have the 'Date paid' column on the 1099-Div form but not date acquired.
You entered nondividend distributions on Form 1099-DIV for Vanguard Marketing Corp. The nondividend distributions exceed your basis in the stock by $114. This amount will be reported as a capital gain on Form 8949. If you held the stock under one year before receipt of the nondividend distributions, select "Short-term" below. If you held the stock one year or longer, select "Long-term."
I'm not sure where to find this info, I have the 'Date paid' column on the 1099-Div form but not date acquired.