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Retirement tax questions
I write in support of the concern expressed by sethaadams over 4 weeks ago - and not yet addressed.
The summary amount on my Schwab 1099-B for Box A is about $10 different than that reported in TurboTax on its 1099-B Summary Table for my Schwab account. I concur with Mr. Adams's conclusion that TT2020 is rounding individual transactions.
This pre-mature rounding at the transaction level is an error and should be corrected.
My concern over the error is not in the amount of gain or tax - it's a minor difference. But this minor difference could trigger an audit flag. *That* is my concern.
March 7, 2021
11:30 AM