Let me get everyone's take on my situation - I have two brokerage accounts with 1099B transactions for 2020 and I don't think it is a really unique situation for a Schedule D:
Schedule D Short-Term
1A - Covered (reported by two brokerage accounts)
- D - Proceeds (summed) off $1.39 - in my favor - I'm assuming this is fine
- E - Cost Basis (summed) off $8.06 - in my favor - cost basis reported is higher - guess this is fine?
- G - No Adjustments
- H - Gain / loss off by 9.45 - in my favor (bigger loss) - guess this is fine?
Schedule D Long-Term (only reported from one of two brokerage accounts):
8A and 8B - Covered - I had to adjust a portion of the transactions due to ESPP transactions (hence 8B)
- D - Proceeds off by $2.69 - not in my favor - higher proceeds reported
- E - Cost Basis off by - $1.28 - not in my favor -
- G - this is where things get more complicated:
- I used the ESPP summary wizard to get this amount which I *believe* is mostly correct
- Adjusted the gain down by $359
- H - Gain / Loss - again the complications:
- 8A is reporting $493 gain / 1099B is reporting $1851
- 8B is reporting $1003 (I'm not sure I fully understand this number)
- I'm assuming by adding:
- $493 + $1003 - (-$359*) = $1855 - which is off by $3.97 - not in my favor
- * because of the adjustment to cost basis
- So again, none of the numbers really match the 1099B summary but they *mostly* make sense (in my mind)
9 - Not Covered - Basis not reported to IRS
- D - Proceeds off by $2.88 - not in my favor - higher proceeds reported
- E - Cost basis off by $0.22 - rounded up in my favor - higher cost basis
- G - N/A
- H - Gain / Loss of by $2.66 - not in my favor - less loss reported
In the end, I'm taking the full $3000 loss (line 21 on Schedule and line 7 on 1040) for 2020 with $14 roll over to 2021 - I think I could easily support this if there was an issue (but then again, I *really* don't want to have an issue with my taxes).
But as you can see, due to this STUPID rounding, this gets far more complicated to reconcile (especially since all transactions are not just reported on the 8949 for 8A/8B/9 like they were in 2019.
Thoughts? Feedback? Corrections?
