1099B Date Acquired Various

Forum|Forum|5 years ago
February 28, 2021
1 reply
1 view

I completed import of my 1099-B from my brokerage account and am ready to file. However, TT keeps telling me there are several items I need to review.

Under the 'Check This Entry' wizard, I'm informed that I need to enter the Date Acquired for a certain short term holding. After review of the 1099-B from my broker I have confirmed it is listed as VARIOUS on the 1099-B. Whenever I enter this value, the wizard just loops back to the exact same page asking about the exact same holding.

How do I enter "various" for the date acquired as it says on my 1099-B? Extremely frustrated right now.

TurboTax Premier Online

JohnB5677

Level 15

There is a procedure for entering Various into you investment transactions.

Open (continue) your return if it isn't already open.

Income & Expenses
Scroll to Stocks, Mutual Funds, Bonds, Other
Answer Yes to Did you sell stocks, mutual funds, bonds, or other investments in 2020?
- If you see Here's the info we have for these investment sales, select Add More Sales.
Answer Yes to Did you get a 1099-B or brokerage statement for these sales?
At Let's get your tax info, choose how you want to enter your 1099-B (type it in yourself)
Select the pencil to work on the transaction
In the date area there are two bullets.
- On one Date, and
- Something other than a Date
Select Something other than a Date
There is a drop down menu for Various.

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rtrios01Author

Level 2

Prior to posting in frustration on this forum I went back into the 1099B section under wages and income section of TT. I selected the transactions list that TT imported for my broker.

I manually added all the VARIOUS date listings (as there were multiple from my M1Finance account) and continued through the wages and income wizard. There were no complaints that any of my entries needed to be reviewed upon completing these manual changes. I logged out of TT and then logged back in. I reviewed the 1099-B section of wages and income to ensure that all the manual changes I made to these listings were saved. All line items with "Various" under date acquired are ticked as "Something other than a Date" and "Various" is selected from the drop down list. Under the wages and income section wizard nothing needs to be reviewed.

Upon pedaling through the rest of the wizard I get to the end essentially just before filing. I am again informed that several entries need review. I have already confirmed multiple times under the 1099 B wizard section of TurboTax it has VARIOUS listed within the 1099-B section under wages and income. The 1099 B wizard does not tell me that anything needs to be reviewed. Yet, once I get to the end just before filing I am informed that my 1099B entries need to be reviewed. I've reviewed them. Multiple times. I have confirmed that the entries are saved. Still frustrated.

fruhoo

Level 2

It is doing it to me as well...I even tried removing the sales entry to see if I would get a "needs review" tag and I did. It seems to be the last entry on the 1099B, regardless of what date you put in (various or a single date) that is having the issue transferring the "acquired date" to the worksheet. I don't want to mail this return, but unless I can get it fixed, that is what I will have to do.