- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
@ErnieS0 ,
I understand the rounding but the problem here is that TT calculates profit loss using rounded numbers ($50 - $51) and adjustment using not-rounded numbers and then rounds it ($50.36 - $50.73 = -$0.37 so rounds to $0). While IRS allows rounding it needs to be done in a consistent way.
If both profit/loss and adjustment were calculated using rounded or not-rounded numbers everything would be fine with profit/loss = $0. Due to inconsistency of rounding moment the loss = -$1 when clearly I am not eligible to report it.
‎April 2, 2023
12:46 PM