topic Re: Check This Entry Form 1099-B Date Acquired ERROR in Get your taxes done using TurboTax

Check This Entry Form 1099-B Date Acquired ERROR

shpramsh — Sun, 21 Feb 2021 00:44:34 GMT

Hi,

It asks me to put Date Acquired for one of the stocks I bought, SPI, I did multiple buys and sells of it.

Which date should I put?

I tried putting:

1. The first-time purchased of it

2. The last purchased date

3. Various, also small with small 'v'

Whatever I put on the page won't pass through it and I can't file my tax through the turbo

Please help.

Thanks.

Re: Check This Entry Form 1099-B Date Acquired ERROR

jkl20 — Sun, 21 Feb 2021 19:36:25 GMT

I also have this issue. The date appears to be on the form already, but it asks me for the date acquired. If I enter the date, it loads, and then asks again.

Re: Check This Entry Form 1099-B Date Acquired ERROR

Ipaidforpremierbutcantfile — Sun, 21 Feb 2021 20:48:50 GMT

Yes. This. Tried manual edit of the transaction as outlined in another thread. Has date. Still asks for date. Enter date. Asks again. Can't skip or it won't let me e-file. Already paid for product. Please post if resolution is found.

Re: Check This Entry Form 1099-B Date Acquired ERROR

Ipaidforpremierbutcantfile — Sun, 21 Feb 2021 23:02:26 GMT

I spoke with TurboTax support and they stated that it was a known issue with "Robinhood" and that it should be resolved on or before the February 24. They stated that there will likely be a page that addresses when the problem is solved, although I am unable to find an official page acknowledging the issue at this time. Without this information I was told to just keep trying until the issue was no longer happening.

Re: Check This Entry Form 1099-B Date Acquired ERROR

shpramsh — Sun, 21 Feb 2021 23:17:25 GMT

Thanks for the info. But the transaction I am having a problem with is for the Webull account and the Robinhood too. I guess it does for any broker account.

Re: Check This Entry Form 1099-B Date Acquired ERROR

Ipaidforpremierbutcantfile — Sun, 21 Feb 2021 23:21:24 GMT

That is what another poster indicated as well. My seems to have resolved at this time. It finally took my entry and moved on.

Re: Check This Entry Form 1099-B Date Acquired ERROR

shpramsh — Sun, 21 Feb 2021 23:26:22 GMT

Did you had to manually put the particular transaction or just the auto-generated ones worked?

Re: Check This Entry Form 1099-B Date Acquired ERROR

jkl20 — Sun, 21 Feb 2021 23:50:08 GMT

I have M1 and Webull, but they're both through the same clearing house. I'm guessing it has to do with the clearing house. So it's my guess that Robinhood also uses the same clearing house.

Re: Check This Entry Form 1099-B Date Acquired ERROR

Ipaidforpremierbutcantfile — Mon, 22 Feb 2021 00:03:33 GMT

The auto entry ended up working. It finally just stopped looping and accepted the date entry and moved onto additional details to check, including items that were not related to the 1099-b.

Re: Check This Entry Form 1099-B Date Acquired ERROR

jkl20 — Wed, 24 Feb 2021 00:27:34 GMT

The issue still persists for me. I am unable to get past it asking for the "date acquired".

Edit: Actually, sometimes, very rarely, it gets past asking for "date acquired" and asks for "cost basis". But after that, it returns to asking for "date acquired".

Re: Check This Entry Form 1099-B Date Acquired ERROR

shpramsh — Wed, 24 Feb 2021 01:43:39 GMT

Mine also has not been solved. I tried to figure it out with the support person yesterday, turns out she didn't have any idea. I will dial support again.

Re: Check This Entry Form 1099-B Date Acquired ERROR

jkl20 — Wed, 24 Feb 2021 01:51:12 GMT

It appears I was able to fix the issue, but it requires manually editing your stock sales entries.

Where ever your 1099 stock sale says "Various" for the 'date acquired', then you have to go and manually set it to that in TurboTax. For some reason the auto-import function doesn't recognize it as "Various" so it will ask for an actual date until you check the circle that says "something other than a date" and select "Various" from the dropdown box.

This has resolved the issue for me, and I successfully submitted my e-file returns.

Re: Check This Entry Form 1099-B Date Acquired ERROR

shpramsh — Wed, 24 Feb 2021 01:53:19 GMT

So did you have to manually change it for all the sales or just the ones that it is asking question about?

Re: Check This Entry Form 1099-B Date Acquired ERROR

jkl20 — Wed, 24 Feb 2021 02:06:47 GMT

For all that say 'various' on the 1099 form. I just went through each one on TurboTax, checked to see if the form said 'various', if it does, edit it, and if not, skip it.

Re: Check This Entry Form 1099-B Date Acquired ERROR

shpramsh — Wed, 24 Feb 2021 02:21:10 GMT

Wow! I have almost about 100 various in the form. Hopefully, it will work. I will let you know, thanks.

Re: Check This Entry Form 1099-B Date Acquired ERROR

shpramsh — Wed, 24 Feb 2021 03:51:32 GMT

Yes, it worked for me as well. Thank you so much for the suggestions. It was a pain to modify all the transactions like that.

Re: Check This Entry Form 1099-B Date Acquired ERROR

angelasspa — Thu, 25 Feb 2021 03:02:48 GMT

What if it shows a date already but still asked to be modified?

Re: Check This Entry Form 1099-B Date Acquired ERROR

angelasspa — Thu, 25 Feb 2021 03:08:56 GMT

and when I try to review it it doesn't load

Re: Check This Entry Form 1099-B Date Acquired ERROR

DianeW777 — Thu, 25 Feb 2021 14:37:19 GMT

Before you try again be sure to clear the cache and cookies, as well as browsing history from your browser. This retains pieces of information that cause bad experiences. I would suggest to do no less than once a day or before you work on your tax return. This may help to load the page.

Once you have completed that, and if the page loads correctly and you have the same error, then you can change the date to 'Various' to see if it stops the loop. Here are the instructions on how to do that.

Walk through the steps, as you can see from the image below, you must select the check beside 'Something other than a date'.

If you still have difficulty, make sure the date acquired reflects the correct holding period. It's not important other than to have the correct holding period for the results to be calculated accurately for tax on your return.

Long term is a holding period of more than one year and receives capital gain tax treatment (0%, 10%, 15%, 20% depending on your regular rate of tax)
Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)

Re: Check This Entry Form 1099-B Date Acquired ERROR

jackexu10 — Sat, 27 Feb 2021 13:19:05 GMT

Can turbotax gives a warning sign on the stock list page so we know the date is missing?