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Retirement tax questions
Just because the IRS allows it does not mean TurboTax should make it a requirement. It makes our job much more difficult because we have to hunt for why we are getting a variance. Is it because of unnecessary rounding at the individual transaction level or is there something else? Imagine someone with 1,000 transactions that all get rounded and the variance this creates with the 1099-B the Brokerage provides the IRS. At the very least, no rounding at the individual transaction level should be an option. TurboTax is software. I get ZERO benefit and only a large headache from them deciding to round so early. We are not out here using pencil and paper so rounding at the individual transaction level is not a "feature" but rather a "bug."
‎February 15, 2021
5:04 PM