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Retirement tax questions
@DaveF1006 It’s not semantics at all. The IRS instructions are clear and unambiguous:
"If you have to add two or more amounts to figure the amount to enter on a line, include cents when adding the amounts and round off only the total."
...and the rounding at the individual transaction level to the cost basis and proceeds numbers prior to doing the calculation is NEW behavior that just started with TT this year. It was never done this way in the prior twenty plus years I have used TT. NOTHING has changed with the IRS guidelines or instructions. It is now inaccurate and the totals are now off by much more than just a few dollars and do not match the 1099-B data my broker sends to the IRS.
Honestly this should be a simple fix and it is beyond ridiculous that TT seems to be unwilling to fix it. Hopefully everyone that is effected will exercise the TT “accuracy guarantee” and get a refund of the purchase price. With this change TT is no longer accurate.