Can I use the same permalink base for Categories and Posts?

I am migrating our site from another CMS and the way the permalinks were setup with the prevous CMS was

posts: /news/%year%/%monthnum%/%day%/%postname%/

categories: /news/%categorynamename%/

So as you can see, both started with /news/

I’ve tried the using /news/%year%/%monthnum%/%day%/%postname%/ as a Custom Structure within the Permalink Settings and then adding news as the Category base however the posts throw an error but the categories work just fine.

Can I create a custom rewrite_rule in my functions.php file that can accomplish this or perhaps do something in my .htaccess file?