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Bill10
New Member

Short term gain/loss issue. How do I enter various in date acquired and sold if I have multiple trades from broker? trying not to enter 50 trades just totals from broker

I know the IRS rules for short and long term sales of stocks.  I have hundreds of trades and my broker sent me a summary showing the total long tern and short term proceeds, cost basis and gain/loss.  Want to enter into Turbo tax the date acquired as various and date sold as various.  Turbo tax will not accept the date sold as various how can I get past this error.  I do not want to enter hundreds of trades in turbo tax will take days to enter all the information. 

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Short term gain/loss issue. How do I enter various in date acquired and sold if I have multiple trades from broker? trying not to enter 50 trades just totals from broker

"Turbo tax will not accept the date sold as various how can I get past this error."

That's not an error.  "Various" is not acceptable for the date sold. 

If on the page titled "Tell us about your [Broker Name] 1099-B", the page that gives you the options of:

  • I'll enter one sale at a time, and
  • I'll enter a summary for each sales category

you've selected "summary", (knowing that you'll have mail in the Form 8949 or acceptable substitute), then you're not asked for dates; it's understood that they all occurred in 2017.  If you instead selected "one sale" then you have to enter each trade separately.

Tom Young




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2 Replies

Short term gain/loss issue. How do I enter various in date acquired and sold if I have multiple trades from broker? trying not to enter 50 trades just totals from broker

"Turbo tax will not accept the date sold as various how can I get past this error."

That's not an error.  "Various" is not acceptable for the date sold. 

If on the page titled "Tell us about your [Broker Name] 1099-B", the page that gives you the options of:

  • I'll enter one sale at a time, and
  • I'll enter a summary for each sales category

you've selected "summary", (knowing that you'll have mail in the Form 8949 or acceptable substitute), then you're not asked for dates; it's understood that they all occurred in 2017.  If you instead selected "one sale" then you have to enter each trade separately.

Tom Young




Fred
Returning Member

Short term gain/loss issue. How do I enter various in date acquired and sold if I have multiple trades from broker? trying not to enter 50 trades just totals from broker

TT actually says to enter a date or various or inherited.  I had entered various.  But when I run the validity check it continues to pick out use of 'various' as a problem yet on the same screen says various is OK.  So I ignore the inconsistency and leave in various, but then TT would let me file!  There is always some crap like this every year that makes TT a less that great program.  I'll try inheritance and then a date if inheritance doesn't;t work.  Or v.v.

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