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Investors & landlords
Hi everyone,
I will share my workaround, which I submitted a couple weeks ago, 3/5/2021. As of today (3/17), my state and federal refund is coming into my bank account. So far so good.
I had a $4 discrepancy between 8949 and 1099-B. The -B was higher than the 8949, which meant I would be underreporting my income. After much deliberation, I decided to add one last entry at the end of the investment transactions list in TT:
"Correction for Turbotax rounding error"
01/01/2020 purchase date
12/31/2020 sale date
Basis $0
Proceeds $4
It brought my 8949 to match the 1099-B. They accepted it, and refund is in my account.
Use at your own risk, but I thought being exact was most important.
March 17, 2021
11:04 AM