Is there a way to get around “Needs Review” for Stocks?

Forum|Forum|4 years ago
February 11, 2022
1 reply
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I have my 1099-DIV and 1099-B and all the info is correct. For the 1099-B it’s showing everything is filled out, nothing is blank. When I click to review it, there’s nothing in red or anything to indicate the issue. This is for both the short and long term sales selections. Before I click review, it just says “Ensures your final number is right” below it. The other one is a weird situation with a stock that went through a merger, so the date showing in my form is N/A and I have the option for that box to select “various” or “blank” and I’m selecting blank. It does have a red indicator for that one, so I’m guessing that’s the issue, but I don’t know how to get around it.

TurboTax Premier Online

JillS56

Level 10

The problem may be something very simple. You indicated that one of your stock transactions went through a merger, the form shows the acquisition date as N/A and you chose the option "blank". This may be the problem. When you do not have a specific acquisition date, then selected "Various" for the acquisition date. TurboTax will not allow you to leave it blank. However, when using "Various" you will need to identify whether it was a long-term or short-term transaction.

Even though one of the option is "blank" TurboTax will not accept leaving the box blank.

To determine whether the transaction is a long-term or short-term transaction, follow this rule of thumb:

Short-term transaction is less than one year from the date of the acquisition.
Long-term transaction is more than one year form the date of the acquisition.

chance108Author

Level 2

Hello, I appreciate you responding. I can try that, but the annoying part is that when you click "Learn more" it says "If you don't have a single date listed in Box 1b of your 1099-B, you can select Something other than a date. After you select this, you can choose from two options: Blank or Various (or more than one date)."

I'm just worried cause I actually do know the "Date Acquired," but since it says "N/A" on my 1099-B and there's only 1 date, not multiple dates.

I'll have to post this as a separate issue, but now I decided to just delete everything and wait until today so it'll just pull the info from my stock website thinking that might help, but since the "Cost or Other Basis" says $0.00 it's thinking my "Gain/Loss Amount" is the same as my Box 1d which is not correct. Previously it brought me to a screen to enter that amount, but now it's not. *sigh*

GeorgeM777

Level 11

To get back to the page where you can edit your 1099-B transactions, click on the magnifying glass (upper right side of your screen) and enter "1099-B" (you don't have to include the quotation marks) in the search bar. Use the jump to link to take you to the page where you can edit your entries.

@chance108

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