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Why does Turbotax do "Needs Review" for all Vanguard 1099B Transactions where the Date Acquired is "Various" on the 1099B. I don't recall having this issue in the past.

IRS Guidance says "Stock or digital assets acquired on various dates. If you sold a block of stock or digital assets (or similar property) that you acquired through several different purchases, you may report the sale on one row and enter “VARIOUS” in column (b). However, you must still report the short-term gain (or loss) on the sale on Part I and the long-term gain (or loss) on Part II." So why won't Turbotax just import the "Various" directly from the Vanguard 1099B. Very annoying.
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2 Replies

Why does Turbotax do "Needs Review" for all Vanguard 1099B Transactions where the Date Acquired is "Various" on the 1099B. I don't recall having this issue in the past.

For 1099-Bs indicating mark Box D or E, enter any Acquired Date earlier than one year prior to sale.

For 1099-Bs indicating mark Box A or B, enter any Acquired Date later than one year prior to sale.

 

OR

For any 1099-B, enter  "various";   LT or ST treatment  is controlled by the Box checked. not by the indicated date period.

 

@MaxTax00 

Why does Turbotax do "Needs Review" for all Vanguard 1099B Transactions where the Date Acquired is "Various" on the 1099B. I don't recall having this issue in the past.

@MaxTax00 

Typo above, corrected !

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