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Investors & landlords
We have a big thread discussing this very issue. The general consensus on the thread is that even if the IRS allows rounding (not requires), Turbotax should not be rounding at the individual transaction level because it makes life more difficult for their customers and creates the need for workarounds that are unnecessary. You are correct, it was not like this in the past and TurboTax ran much smoother. TurboTax is a software company and it is silly for them to do all this rounding at the individual transaction level when it requires no extra effort for software to make this calculation.
Thread below....
‎February 25, 2021
4:10 PM