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8949 Form how to fill Date sold field [Various, Worthless]

hello,  

I need your expertise. 

 

about 8949 Form, 

I have foreign stocks and there are multiple transactions so I fill 'Various' value like below. 

CPA filed Various value at 'date sold' and 'date acquired' in last year(2021) .

so I've done same on 2022. but when I am filing I can see below message in TT. 

can't I file via e-file ? 

or can I change value from Various to 12/31/2022 or 'worthless' representatively and proceed ? 

 

Form 8949 > 

Image 4-15-23 at 11.47 PM.jpeg

message in TT > 

Image 4-15-23 at 11.43 PM.jpeg

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1 Best answer

Accepted Solutions
ErnieS0
Expert Alumni

8949 Form how to fill Date sold field [Various, Worthless]

TurboTax does not accept various as a sale date. Tax Champ fanfare advises using 12/31/xxxx when dates are “meaningless.” 

 

Do not use bankrupt or worthless unless your sales qualify under those conditions.

 

Be sure your transactions are correctly categorized as short or long-term and covered or noncovered.

 

See 1099-B trade dates.

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1 Reply
ErnieS0
Expert Alumni

8949 Form how to fill Date sold field [Various, Worthless]

TurboTax does not accept various as a sale date. Tax Champ fanfare advises using 12/31/xxxx when dates are “meaningless.” 

 

Do not use bankrupt or worthless unless your sales qualify under those conditions.

 

Be sure your transactions are correctly categorized as short or long-term and covered or noncovered.

 

See 1099-B trade dates.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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