turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

tault
New Member

The Stocks, Mutual Funds, Bonds, Other form for reporting 1099-B, Box 1b, will not accept Blank. How do I get the program to accept Blank in the field?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
rjs
Level 15
Level 15

The Stocks, Mutual Funds, Bonds, Other form for reporting 1099-B, Box 1b, will not accept Blank. How do I get the program to accept Blank in the field?

You can't get the program to accept a blank Date Acquired because it's not allowed to be blank on the tax return. You have to enter the date that you acquired the investment. If you don't know the date, use your best estimate, as long as it properly reflects whether the sale was short-term or long-term. If you sold an investment that you purchased in multiple lots at different times, you can enter the word Various instead of a specific date. If you inherited the investment, enter the word Inherited. If you received the investment as a gift, the Date Acquired is the date that it was acquired by the person who gave it to you.

 

tault
New Member

The Stocks, Mutual Funds, Bonds, Other form for reporting 1099-B, Box 1b, will not accept Blank. How do I get the program to accept Blank in the field?

To clarify, I had already filled in the form with Blank as the response for this field in the form the first time I filled it out in the tax return preparation process. This issue arose when the program was doing a final check of my return before proceeding with submitting it to the IRS. The data check process flagged two of my 1099-B forms for this same issue. When you click on the “Learn More” button next to the line in TurboTax, an explanation opens up that clearly states that Blank is one of two acceptable responses. And the dropdown options for the response field contains Blank as one of the two response options available. When I obtained help via a phone call to Support, the solution was to simply click on “Continue” to proceed without responding to the two flagged issues. This submits the tax return with the original response of Blank in the field in question. This worked, and my tax return was successfully transmitted to the IRS.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question