Check This Entry Form 1099-B Date Acquired ERROR

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.

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.

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.

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.

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

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

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.

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.

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".

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.

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.

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

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.

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

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.

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

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

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)

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

TurboTax should fix this issue. Especially since the problem is now known. Importing from Robinhood or Fidelity were fine (i.e. no problem converting "various" acquiring date) but Webull still has this issue. Based on previous posts, seems like TurboTax was able to fix the problem for Robinhood but not for Webull.  Please let  me know if TurboTax is working on this.

I've done that 15 times and the issue is still there, it fixed nothing for me. I use webull so maybe that's the issue.. but it definitely needs fixed. this is getting really annoying. 

I have tried this, to no avail. Why hasn't there been a fix especially since TurboTax is aware of this situation?

@e_salmons93  Some users are reporting an issue after importing their 1099-B form. After receiving a Check this entry error message, they see the Date acquired field is blank.

To fix this, please manually enter your Date acquired info. You’ll then be able to continue through your return.

We’re currently working to resolve this issue. If you’d like to receive progress status updates, please sign up here.

Why is my 1099-B missing its acquired date?

This is still an issue that has not been resolved.

we spent 4 hours trying to figure this out between ourselves and 4 calls to TurboTax with still no resolution. If TurboTax feels this is a Robinhood issue then TurboTax needs to figure it out with Robinhood or let Turbo users know that they can’t use Turbo if they have Robinhood.

Very disappointed for the first tome with how Turbo is handling this issue that has been known for at least 1 month