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.
"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:
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
"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:
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
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.