Form 8949 Error on Date Sold

[jk2]

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.  

[rivkah]

It's been a long tax season.

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

[jk2]

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

[rivkah]

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.  

[Just-Lisa-Now-]

Just stick a sale date in there, we shouldnt need to, didnt have to last year, but this year has just been a hotmess.

[jk2]

I have clients that have literally hundreds of sales...hence, I attach the pdf of the statement.   

If I have to enter each sale manually, the purpose of attaching a summary is defeated.

[jk2]

I've been overriding when filing.   I'm glad to hear I'm not alone with this problem.   Do you just use a random date, such as year end?

[Just-Lisa-Now-]

Ive been using the sale date of one of the stocks that were sold, Various for the acquired date, then choosing Short or Long in that box.

[jk2]

Thanks.   I thought for sure by this time in the tax season, they would have this mess cleaned up.

[Just-Lisa-Now-]

Im hoping its fixed for 2021!

[jeffmcpa2010]

I just enter 12-31-20.

All were sold by then, and the IRS has or gets the detail anyway when I attach a pdf of the Broker Stmt.

(I know I may not have to in all cases, it's just easier for me to attach all of those I use summaries for.)

[jk2]

I guess that could work...however, it could make some short term gains appear long term.

[BobKamman]

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.  

[jeffmcpa2010]

Not if you use the correct code that tells the 8949 which category to include it in.

[jk2]

I meant it could appear to be in the wrong place if there was a date purchased listed.   I guess that instance is few and far between when attaching a summary, since Various is most often used for the date acquired.   Thank you:)