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lindalo5032
Level 1

Okla. form requires Capital Asset Acquisition Date. Won't accept "various" like on federal form. How do I get past this screen?

On the federal form I can show "various" for date acquired (sale of stock).  But when I get to Oklahoma form, it won't go to the next screen without an acquisition date. It says "Oklahoma requires that you enter a date" and won't accept "various."  How do I bypass this?

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ToddL
New Member

Okla. form requires Capital Asset Acquisition Date. Won't accept "various" like on federal form. How do I get past this screen?

In the state interview, just pick an acquisition date appropriate to make the character of the transaction the same as it was for the federal return. That would be an acquisition date 1 year prior to the sale if "long-tern" and less than one year if "short-term".

(If you were able to enter "Various"  for date acquired in the Federal interview, then the gain/loss on the sale of those stocks was either all "long-term" or all "short-term").

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3 Replies
ToddL
New Member

Okla. form requires Capital Asset Acquisition Date. Won't accept "various" like on federal form. How do I get past this screen?

In the state interview, just pick an acquisition date appropriate to make the character of the transaction the same as it was for the federal return. That would be an acquisition date 1 year prior to the sale if "long-tern" and less than one year if "short-term".

(If you were able to enter "Various"  for date acquired in the Federal interview, then the gain/loss on the sale of those stocks was either all "long-term" or all "short-term").

lindalo5032
Level 1

Okla. form requires Capital Asset Acquisition Date. Won't accept "various" like on federal form. How do I get past this screen?

Thank you very much!
ToddL
New Member

Okla. form requires Capital Asset Acquisition Date. Won't accept "various" like on federal form. How do I get past this screen?

You are very welcome!
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