Just pick an average date. (Turbotax insists on a date to classify the gains between long term and short term. It can't do that without a date. However, if the result is all were purchased over a year ago, an average date will work.)
This solution does not work for me now in 2021.
TurboTax kept asking me to "Check This Entry" for the "Date Acquired" of a stock sell during federal review.
No matter how many times I filled that field, it kept asking.
I also tried deleting the 1099B import and then re-imported. No luck either.
Update:
I decided to continue and ignore the problems in fed review. I was able to reach payment page.
It seems this issue won't block me from filing.
I have the same issue, I have entered payment information but cannot file because the date acquired field refreshes indefinitely, no matter what I enter.
I did this step in my 1099 b, but when I go to file I still receive a message to fix my return and input a date for the stock sale in question. regardless of what I enter at this stage, the page continually refreshes.
I'm having the same issue. I bought and sold the same stock twice last year and Turbotax doesn't accept either date as the acquired date. I'm unable to submit my taxes because of this issue.
In TurboTax Online, are you able to enter Various by following these directions.
In TurboTax Online, are you able to enter Various by following these directions.
I have the same issue. None of these solutions works now. It's a bug with TurboTax, that needs immediate attention. This is showstopper, since it prevents me from submitting my tax.
If the above solutions do not work for you, please reach out to Customer Support via the below link:
What is the TurboTax phone number?
@parthi007
Yes, I was on a call with them for more than 1 hr to replicate the issue. There is still no resolution. This looks to be a software issue, which needs immediate attention.
Likewise, I did the same as @@imaze and was on the phone for an hour. I deleted and reuploaded the 1099b and was assured that the bug would be fixed by today but is not. I have already paid for turbotax but can't submit my return now.
Hi cactusgg,
Do you have any updates? I faced the same issue today, and I called support about an hour, but it seems they didn't have a solution right now. I have already paid for TurboTax too.
The software needs a date acquired because it has to be able to calculate whether the sales were short or long term transactions. The capital gains rate is higher for short term (a year or less). If it's blank on your 1099-B, it means the payer didn't have the information (probably because it was "various").
Look back into your records and enter a date. If it isn't exact then enter something close. Remember, the point is to ascertain if the gain is short or long term.
If you aren't sure how long you held the securities, try looking for the "Box" or "Code" on your 1099-B.
If Box A or B is checked, then the holding period was less than one year.
If Box D or E is checked, then the holding period was more than one year.
@imaze007
ReneeM7122 Appreciate your response. The issue happens even with a Valid Date(as suggested by you). It's a bug.
I had the same issues that many people here are having. I called TurboTax twice, on the phone almost 3 hours, and went through all the suggestions mentioned here, but did not help.
So I deleted my stock income portion and chose to manually input the information myself instead of syncing to my trading account. Instead of input the sales individually (which was a long list), I selected to input the total of each sections instead. This information can be found in the summary of your 1099-B. At the end, I was required to upload a pdf file of my 1099-B. And I was able to proceed to e-file my tax without problem after that.
Hope this help some of you!
OMG! Thanks a lot!!!
I have three brokers (RH, Webull, and TD), it seems only Webull had an issue.
I followed your steps and everything worked well.
thanks a lot!
Please note that reporting using summary method (as stated above) might require you to manually Mail documents to IRS. Please refer to the below link.
that's exactly why this bug needs to be fixed immediately, or a refund should be provided so I can file with a service that allows successful e-file.
Read the instructions in your Turbo Tax Premier carefully for this item. If your brokerage has given you a statement combining all transactions, there is an option to enter your info in this way. Makes it extremely easy if you've had lots of transactions!
You must have Turbo Tax Premier edition and use the option for all transactions for the year, not daily.
@imazeno, after a few calls they still had not fixed the bug. I had to enter my stock sales manually or attempt to get a refund.
We have some recent information regarding entries on the 1099-B form: