Hey guys, there is something I can't wrap my head around regarding gifts.
Let's say I have two different type of gifts:
- Gifts where I know (and can prove) the original cost basis and purchase date.
- Gifts where I don't know either.
For the former, if I want to take over the cost basis of the previous owner I can enter the original cost basis as the transaction's value.
For the latter though, where I don't know the original cost basis, I would have to set it to zero.
Unfortunately though it won't save it when I enter zero (it will revert to the fair market value it calculates automatically).
Now, I'm aware that we can set
ALL gifts to be calucated with a zero cost basis (via the filter).
But try as I might, I don't see how I can enter a cost basis for some gifts
and have it set to zero for other gifts.
Question(s):Is it possible to use both? That is, can we enter a custom cost basis for some gifts while setting it to zero for others?
If that is technically not possible at the moment, how do you guys handle it when you have both types of gifts?
