I am sorry, but turbotax simply does not transfer the correct amount of the gross proceeds to the 1099B - 1099K reconciliation.
The program takes all entries into 1099K fine, but then simply adds up ONLY THE ITEMS WHICH WERE SOLD AT A GAIN, and transfers ONLY the gross proceeds of THOSE to the 1099K reconciliation. My above example was exactly what is happening in turbotax, only the amounts were simplified.
That is simply wrong, and has has nothing to do with how I entered the data.
Maybe to clarify - technically, I do not get an "error" I just get a smart check notification that the total proceeds (of the items sold at a gain ONLY, as per my example and rturn) does not match the total amount of items sold - and that they do not match is true. But it means turbotax did not transfer the gross proceeds of ALL items sold to the field, but ONLY the items sold at a gain, which is WRONG.
If I had checked the "all items sold at a loss", well either turbotax might have transferred that correctly or not. Not my case.
Not sure how you entered your test data, but you would need to enter multiple items, some sold at a gain, some sold at a loss, then fill out the 1099K info, then run the smart check.
There is nothing else I can do than entering the data correctly in all places, which I did.
If you cannot / do not want to fix this, since I can see in the other schedules that all detail data (ie including all 44 items) is reflected correctly is there a way I can manually overwrite the incorrectly transferred amount in the 1099B/K reconciliation with the correct TOTAL proceeds amount?
