rs88
Level 2

State tax filing

Me too.

 

For those that might be in a position to help, a fix would be to allow us to override and enter the CA540 Schedule D individual transactions as unrounded.

 

Note: Amy's post is partially right.  The numbers on Federal 1040 Schedule D are rounded.  But on the Federal 1040 Schedule D Form 8949 which has the detailed transactions, TurboTax does not round.

 

In fact, TurboTax has unrounded individual transaction numbers on California Schedule D in the "Capital Gains and Losses Smart Worksheet" but then rounds the individual transactions when moving them to Section 1 of California Schedule D.  This is what causes the discrepancy between the Federal and State numbers - the Federal rounds after calculating the totals and the State rounds each transaction individually before calculating totals.

 

If this doesn't get fixed my two choices are i) just file with this weird rounding discrepancy and hope that no one notices/cares or ii) take the info from TurboTax, manually transcribe to another set of forms with corrections and file manually.  But it sure would be nice to just fix this in the software.

 

Thanks