Form 8949 Error on Date Sold

Forum|Forum|5 years ago
May 2, 2021
2 replies
15 views

Is anyone else having trouble with Form 8949? I attach a summary for multiple transactions. It is very straightforward if there are not wash sales and basis is being reported. However, when that is not the case, I get an error in the "date sold" field, when I leave it blank. I don't know if it is a season long software problem, or if I am overlooking the solution.

ProSeries Professional

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R

rivkah

Level 4

It's been a long tax season.

I think you are overlooking the solution -- you have to enter the date sold.

J

jk2Author

Level 4

That works if all stock sales that are being summarized are sold on the same date. But, in most cases they are not.

R

rivkah

Level 4

I use the sch D worksheet. I summarize those sales that are reported along with the cost basis without any adjustments. For any sales with adjustments or non-reported basis, I use the lines in the body of the form -- similar to prior years. And yes, each sale date will be a new line.

BobKamman

Level 15

As the Keeper of the Register of Stupid Rules, we have listed this requirement for a sales date in the category of Inexplicable Limitations. (See also, Intuit's requirement that only returns e-filed with the program can be amended electronically with the program.) In this case, though, it's not the fault of Intuit -- it's IRS that causes the problem.

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