MinhT1
Employee Tax Expert

Investors & landlords

TurboTax rounds all proceeds and cost basis numbers to the nearest dollar. So when these rounded numbers are added up on form 8949, there can be a rounding error which be large in dollars as half the number of entries on form 8949.

 

This is accepted by the IRS. And you should worry about these differences with the totals reported on your broker's forms 1099-B. 

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