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How do I handle1099B with no date in box 1B and TurboTax will not let me select "blank", even though the instructions say I should be able to?

Forum|Forum|5 years ago
April 11, 2021
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Cannot select "blank" for box 1b on 1099b

TurboTax Premier Online

Best answer by ToddL99

Box 1b of this form reports the date you acquired the investment - it is blank on your 1099-B, because the issuer (brokerage/financial institution) did not have that information. This information is only needed to determine if your gain/loss on the sale is "long-term" or "short-term"

If you owned this investment for more than one year before selling it, then enter any date in 2019 or earlier. That will cause the program to report the gain/loss as "long-term".

If you owned this investment for less than one year before selling it, then enter any date in 2020. That will cause the program to report the gain/loss as "short-term".

M

mesquitebean

Employee

You appear to be using Online Premier. Did you try to do it like the image below? If so, where is the roadblock?

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S

soffarAuthor

I did try to do it as illustrated in the image provided, but the "blank" is greyed out - you can't click on it.

T

ToddL99Answer

Box 1b of this form reports the date you acquired the investment - it is blank on your 1099-B, because the issuer (brokerage/financial institution) did not have that information. This information is only needed to determine if your gain/loss on the sale is "long-term" or "short-term"

If you owned this investment for more than one year before selling it, then enter any date in 2019 or earlier. That will cause the program to report the gain/loss as "long-term".

If you owned this investment for less than one year before selling it, then enter any date in 2020. That will cause the program to report the gain/loss as "short-term".