Here is what I don't understand.
Reading thru the forum discussions, last year's TTX had the same problem and it was finally fixed because last year, we were able to import negative values in the Proceeds field. So why has this worked with last year's software ?
Also, two members replied that other tax software - TaxAct and H&R Block Premier tax accepts negative value, so why don't they have the same issue ?
Workarounds like switching the numbers between Proceeds and Bases may give the same net gain/losses, but the concern is the total net Proceeds will be different than what is reported to IRS from the 1099B. Will this trigger an audit because IRS thinks one is not reporting all the transactions ? No one wants an IRS audit, because it's like your "guilty until proven innocent" with a whole bunch of paper audits/interviews, etc. !!
I do appreciate all the members providing inputs and workarounds, it would be great if we can get an official answer from Intuit product team.
Thanks,
Kim
