1099-B Various Date Acquired

mikekowalsi
mikekowalsi Member Posts: 1 Newcomer
in Filing my taxes

I acquired a stock I sold in 2023 at various dates and on line 1b for Date acquired all schwab says is VARIOUS. I cant input that on FreeTax. Any advice?

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Answers

  • Henry
    Henry FreeTaxUSA Agent Posts: 118

    Hi mikekowalsi! I can help you get this reported correctly.

    As you are entering the transaction information, you will come to the screen titled, 'Tell us about this stock sale.' You are asked "Did you acquire this investment on a specific date?" If you answer NO to that question, you will be given the option to select:

    'Various Dates Acquired - One Year or Less' OR

    'Various Dates Acquired - More than One Year' OR

    'Inherited'

    You can choose the option that applies to your transaction. Does the statement from Schwab indicate whether this was a short-term or long-term transaction? If not, you may need to reach out to Schwab for clarification.

  • communitymember2025
    communitymember2025 Member Posts: 1 Newcomer

    Hey Henry, I'm having the same issue. Your suggestion makes the Date Acquired field disappear but doesn't change the Date Sold or Disposed field; it's still required to continue. any thoughts?

  • KeriC
    KeriC FreeTaxUSA Agent Posts: 218

    https://community.freetaxusa.com/discussion/comment/4919#Comment_4919

    It sounds like you may be trying to enter a summary sale, but have may have instead selected to enter "one at a time".

    When you have selected to enter a summary of the transactions, the software will not ask for the date acquired or the date sold or disposed.

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