@Critter-3
Thanks for trying to offer a work-around, however there are several issues with your suggestion.
1. As multiple others have stated, the rounding in the 2020 TT software on form 8949 is different from prior years. Looking at least year alone, on my 2019 return, which was filed with TT, there is no rounding at the individual transaction level on form 8949. This change in 2020 is what is causing the issues.
2. Several users, including myself, have wash sales which cannot be summarized so the option of doing that is not applicable and TT has to fix the 2020 software for us to file correctly. Even if summarizing works for others, it defeats the purpose of using tax software which should be able to handle these types of transactions and puts more onus on the individual to print out forms, pay for postage/supplies, etc. We should never have to be forced into this situation when the software should be capable of processing the info correctly.
3. While the difference can be negligible for some with minimal transactions or even dollar amounts, others can have quite a large difference depending on the amount of transactions and how the rounding works. If you look above to one of my prior posts in this thread giving a hypothetical 1,000 different transactions which are all rounded, that creates a much much larger tax burden than what it should be (in that hypothetical scenario an additional tax would be owed on $950). For myself, one of my brokerages is less than 1,000 transactions, but the rounding issue is still large enough that here I am posting about it seeking help so I don't have to file an inaccurate tax return (i.e. my reported transactions do not match the 1099-B which was reported to the IRS), and also fork over additional money to the IRS than needed because TT software has changed from prior years as a detriment to TT users.
