Help with 1099-B reporting (sale of mutual fund)

[aja8888]

Help please with 1099-B (sale of mutual fund)

On 1/6/2022 I sold a bond fund I owned since 2014. I received two 1099-B forms from my broker yesterday that spelled out the short and long term gains from this fund. Through my ownership, I had all dividends reinvested.

On the broker’s 1099-B’s, both “date acquired” blocks contain the word “various” as there were many transactions over the years due to reinvestment. The “date sold” block contains 1/6/2022 as it should.

On both the short and long term 1099-B worksheets (using H & R Block tax software), the “date acquired” block is looking for an acquisition date, of which there are many due to the reinvestment of distributions along the way.

I cannot leave this “date acquired” block empty as the software creates an error.

What is the appropriate way to complete this 1099-B reporting? Should I just use the earliest acquired date for each 1099-B? For instance, on the long term reporting, I could use the date I acquired the fund and on the short term, I could use the first date of the dividend reinvestment within the year of the short term ownership (which would be 1/16/2021)?

Any help here would be appreciated!

Thanks!

 

[joesxm3]

You can enter "various" for the acquired date but not the sale date.

 

[aja8888]

You can enter "various" for the acquired date but not the sale date.

Ahh...thanks Joe. I just saw the button that allowed me to report the sales as a group!

 

[scrabbler1]

I complete my own tax returns, and I have used the word "various" many, many times when reporting the acquisition date for the sale of mutual funds which had multiple acquisition dates with a single sale date. I was told more than 30 years ago by an accountant it was okay do to this instead of breaking out the sale into multiple entries, a far more cumbersome procedure.

If the H&R Block software doesn't allow you to write "various" for these sales, then it is one more reason I am glad I never tried it out.

 

[RobbieB]

As long as you have to cost basis, the sale price and the sell date, various should work fine.

 

[aja8888]

Thanks all, Joesxm3 led me to the solution. I didn't see the choice button for various Vs known dates.