Get your taxes done using TurboTax
To resolve this issue you may need to completely delete this particular transaction and then enter it manually. It has resolved the issue in other cases.
Be sure to record your information before you delete it, then complete the following action before the re-entry.
- Delete the entry in question.
- Clear cache and cookies, as well as browsing history from your browser.
- Once completed, open your TurboTax return again and put the sale back in choosing manual entry.
When I walk through the steps, as you can see from the image below, you must select the check beside 'Something other than a date'.
If you still have difficulty, make sure the date acquired reflects the correct holding period. It's not important other than to have the correct holding period for the results to be calculated accurately for tax on your return.
- Long term is a holding period of more than one year and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
- Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)
