I just (July 2021) received a corrected 1099-B for 2018. There is one transaction with a prior LT gain of $4.70 (rounded to $5.00) that is now $6.12 (rounded to $6.00). Surely I don't have to file an amended return for 2018 for a LTCG increase of $1.00, do I? That amount shouldn't affect any additional tax due as it would be less than $1.00. Anyone see any issue just ignoring this?
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I think you are safe to ignore it.
I think the last thing the IRS would want is an amended return for $1 which likely wouldn't change your actual tax liability return. even if it did I would not file an amended return.
Yeah, I re-installed TT 2018 on my current computer and made the update. As expected, Gross Income went up by a dollar but Total Tax didn't change. I'm ignoring it unless I hear from the IRS. As you stated, they have bigger fish to fry. Thanks all!
The IRS employees are the fish that need fried! Just saying! Too bad you wasted your time. I wish they'd put in some of their time for all of the tax dollars we are paying.
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