Hello Turbotax -
I have sent an email to my Financial Institution to confirm what Turbotax is stating and to have them tell me if they will be updating the 1099-B forms in compliance to the IRS 2020.
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IF the IRS 'ruling' is correct, then the IRS will not be accepting the 1099-B statements from any Financial institution submitting the negative numbers as stated by Turbotax, then the IRS will not have the financial statements to check against the personal tax returns... System in flux...
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This needs to be confirmed by the IRS and Turbotax, yes??
