I sold a personal item on eBay for $94.53. My cost was $120.17. So that is a loss of $25.64 which I am not permitted to take, i.e., there will be a "Code L" adjustment of $25.64 on the capital gain data so that my net loss is $0 as it should be.
However, after filling in these (fractional) amounts, TT produces a Form 8949 entry that says $95 sales price, $120 cost, $26 adjustment, leaving me with a net $1 gain!
In other words, even though the 1099 worksheets are correct with fractional numbers, the translation onto Form 8949 incurs a ridiculous result from rounding the individual numbers before application.
The obvious workaround is to enter only whole numbers when I am filling in the sales and purchase prices, but it is somewhat annoying that TT makes this error. I used to use TaxCut and that wouldn't allow you to enter fractional numbers in the interview, so even though the rounding responsibility was left to the user, the math on the resulting forms were correct.
