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Investors & landlords
I could not agree more! This was a terrible change for this year's version. Seems like TurboTax is rounding the cost basis and rounding the proceeds at the transaction level before subtracting them for a transaction-level net proceed amount, then rounding THAT amount before summing up all the transactions?! That is crazy, particularly because I've sold hundreds of tax lots including partial shares from dividend reinvestment. There is absolutely no common sense reason to do all this rounding! Now nothing ties to my 1099. At a minimum, TT should give users the ability to opt out of all the transaction-level rounding.
March 1, 2021
9:47 AM
3,339 Views