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Hi,
My client's form 1099-B has too many transactions, and I want to report the form without manually entering all transactions.
I found it is possible to report it without entering all transactions into form 8949. According to the IRS instructions for form 8949, you can leave the date sold and date acquired blank.
But when I do that I get the error message, "Date Sold must be entered."
In this case, can I still e-file the tax return? Or is it okay to enter a random date just to get past the error message?
Thank you for your help in advance.
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dd4vols
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If Ican't use the Box A and Box D sections. I List sales like this on the 1099B worksheet on the quick entry table. I use 07/01/21 for dates sold, and like 01/01/21 for short-term purchase dates and something longer than 365 days form 07/01/21 for purchase dates for Long-term, (that seems easier than remembering Box B, Box C, Box E, and Box F)
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I could not get an answer from ProSeries last year when I asked about this so I gave up. Whenever I am attaching a pdf for the stock transactions to a 2021 return, I put the totals on the appropriate section of Form 8949, identify the brokerage name and account number on the description line, put "Various" for date acquired and "12/31/21" as the date sold. I can't imagine IRS is going to have any problems with that since the detail of all transactions are attached and the totals are shown in the proper section of Form 8949 so tax is properly computed.
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just put 12/31/21 for the date sold and you can still put V for various on the purchase date
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Thank you for all advice.
I will do that.
