No one seems to understand the following:
(1) My 1099-B is WRONG & the brokerage REFUSES to reissue it, with the excuses "The 1099-B is correct; this case is closed; no further documents will be provided"
(2) This is after SIX CPA's & EA's looked at it AND looked at the Excel Spreadsheet from the Brokerage, which was their supposed "detail" that was lacking in the 1099B. BUT, the Spreadsheet is extremely errant & makes no sense, with line after line of MULTIPLE ENTRIES of the same Proceeds & Cost Basis figures repeated multiple times, with Disallowed Wash Sales also repeated, even though the Proceeds are HIGHER than the Cost Bases. IN ADDITION, both Proceeds & Cost Basis have DIFFERENT figures than the 1099-B!
(3) The CPA's & EA's, who spent HOURS looking at both the 1099-B & Excel Spreadsheet, said that both "documents" are impossible to make corrections on, because of the duplicated Excel lines & the different Cost Basis & Proceeds they show from the 1099-B. They all said that the BROKERAGE needs to, & has the legal obligation to, spend whatever time ON THE PHONE with me until this is all corrected. The problem is, as I mentioned earlier, the Brokerage REFUSES to do anything whatsoever. I don't believe they EVEN LOOKED & examined their completely erroneous Excel sheets (several version were provided). How can I make figure corrections when the figures are different on the Excel Workbooks from the 1099-B's? They also told me that IRS rules mandate Brokerages to list EVERY LOT OF EVERY BUY & SELL - no VARIOUS permitted in their reporting.
(4) Mike9241 says: "Forget correcting the Cost Basis - the IRS only looks at the Proceeds". That doesn't provide a solution even if it were correct, as to make changes on Desktop Premier, you go to Investment Income; individually choose each manual correction, Turbotax asks for both the Cost & Proceeds. When they are different on BOTH the 1099-B & the Excel Spreadsheet - how can you use figures from one or the other when they are not the same?
I've wracked my brain for HUNDREDS of HOURS, trying to make correction, but when the IRS sees Proceeds & Cost Bases different than reported on the 1099-B, they will audit it, & ask me to defend my numbers. What defense do I have when the numbers are different on both?
Further, the brokerage can dismiss me as a client whenever they wish, with no reason, & then I'd really be screwed.
Please help me.
