Dear Marilyn,
First, although I get it that we can't share tax returns in this forum (what an astute observation of you :)), I have provided screen shots twice now from Turbo Tax clearly illustrating the problem IS real. Others have complained that it is not working correctly for them on this thread also...I checked last years return and looks like the problem carried forward in the software...was not an issue in years past.
For the manual, summary approach, oh would it be so nice if it such a simple solution would work as you point out, but alas, I have a few small disallowed wash sales in 2 of my accounts which put a serious wrench into that idea. So I can either enter a few hundred individual trades or I have to print out all my 1099B pages (~30) from 2 accounts (Etrade and Fidelity - yes! occurring in both!) and send them to the IRS somehow separately, and hope to avoid an audit. Right? the point of Tax software is to automate the process...avoid manual entries and avoid paper filings....or am I missing something.
I must also say that I am very disappointed that all of the "Expert" comments on the board around this issue center around how to work around the problem and not what Turbo Tax is doing to correct this significant issue.
The irony is, that If you click on the 'details' of each import, it looks like the data from Etrade and Fidelity actually comes into Turbo Tax...the problem is Turbo Tax is not mapping the data fields correctly and assumes there is no 1099-B data there...it is a big problem in the software.
The way the software works, it is simply very easy to gloss right over the issue in the interview and roll along...I am a detailed person, but that's exactly what I did last year and what I almost did this year...thousands of people are missing the issue...its a BIG problem
