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Retirement tax questions
Turbotax seems to import the "Gross Proceeds" correctly from the 1099B broker statements. The individual transactions seem to have the proceeds/cost information, andTurbotax displays it correctly when you select the "edit" button and verify the information.
However, the consolidated entries in Schedule D (1a, 1b, 8a) have drifted apart due to the rounding. The net of it is that my Gross Proceeds from all sales are showing up $90 short and the Net Gains exceed what they should be by $210.
In prior years, I was able to reconcile the Turbotax Schedule D with the 1099B statements down to the penny. Clearly, there is a problem this year.
Will Turbotax stand behind its product if the return gets flagged by the IRS for the discrepency????
‎February 27, 2021
11:59 AM
5,096 Views