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Investors & landlords
@WendyN2 Not true! Last year I had a Turbotax error of less than $3 in the reporting of a foreign investment transaction on an investment reported on a 1099-B imported by Turbotax from my brokerage. I had not detected this error before filing my taxes, but the IRS sent me a letter about 6 months after I had filed my taxes about this error with their computed correction, a penalty, and fee. Including the registered mail postage to send my payment with their form to the IRS, my total cost was about $15 due to this $3 error, not to mention the cost of my time and aggravation.
March 2, 2021
11:59 AM