TT complains that "Gross Sales Price shouldn't be less than zero" when I'm about to efile. Apparently this issue has been there since at least the 2019 version.
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/my-1099b-has-a-negati...
https://ttlc.intuit.com/community/retirement/discussion/can-i-enter-a-negative-amount-for-proceeds-b...
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/turbo-tax-does-not-al...
https://ttlc.intuit.com/community/taxes/discussion/is-there-a-way-to-bypass-smartcheck-errors-smartc...
The issue could happen if you have short sales and import from certain brokers such as TD Ameritrade or ETrade.
Some "Expert" answered in the above threads that IRS does not allow negative sales value. That's not true. As stated in the IRS 1099-B Page 8 (https://www.irs.gov/pub/irs-pdf/i1099b.pdf) :
Box 1d. Proceeds
Enter the gross cash proceeds from all dispositions (including short sales) of securities, commodities, options, securities futures contracts, or forward contracts. Show a loss, such as one from a closing transaction on a written option or forward contract, as a negative amount by enclosing it in parentheses.
Some "Expert" in those threads gave a workaround by changing the reported number. I don't think that's an acceptable solution. Messing with reported numbers is a bad idea. You don't want to confuse IRS.
Many brokers report negative values for short sales, such as TD Ameritrade, ETrade. Many other tax softwares have no problem with negative values. It seems only TT has this issue. Please fix it and make the fix permanent.
