topic Re: 1099-B in Get your taxes done using TurboTax

1099-B

Jbop2020 — Sun, 15 Mar 2020 17:15:34 GMT

I am trying to enter a 1099B for the first time. I had an long-term account with Ariel Investments that I closed out in 2019. On my 1099B 1c is blank. Turbo Tax insists on a date. How do I handle this?

Joe

Re: 1099-B

JohnB5677 — Sun, 15 Mar 2020 17:39:46 GMT

1c is the date sold. It was sold in 2019 because the 1099-B is for 2019. You mentioned that you had the account for a number of years. Did you also own this stock for a number of years?

If you did you can type the word Various in 1c. This means you made multiple sales in 2019. The result will be that it is properly posted as a Long Term Gain.

Re: 1099-B

Jbop2020 — Sun, 15 Mar 2020 17:53:16 GMT

Thanks for quick reply. Sorry, it's 1B Date Acquired that is blank. But it looks like I can type in "Various" for this area as well?

Jbop2020

Re: 1099-B

JamesG1 — Sun, 15 Mar 2020 18:01:09 GMT

Yes, you may.

See the page titled Now we’ll walk you through entering the info on your (provider name) 1099-B.

Under Box 1b see hyperlink Learn more to the right of Something other than a date. It reads:

“What if there is no date? If you don't have a single date listed in Box 1b of your 1099-B, you can select Something other than a date. After you select this, you can choose from two options: Blank or Various (or more than one date).”