Retirement tax questions

@DaveF1006 

With all due respect, does everyone at TT have some sort of cognizant dissonance? Why do you all seem to want to ignore the specific paragraph in the IRS instructions that is actually relevant to the problem that we are describing which is this - 

 

"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."

 

This is what TT is not doing correctly in this specific case and what needs to be fixed. TT is rounding the two numbers, proceeds and cost basis, PRIOR to doing the calculation. What TT should be doing, and per the IRS instructions quoted above, is to include the cents in the two numbers, proceeds and cost basis, when doing the calculation and then round the result. That is what TT did in every year prior to this year, and I have been using TT for well over 20 years. Nothing has changed in the IRS recommendations or instruction in this specific case between last year and this year. Why is this so hard for the TT folks to understand. Just stop making excuses and fix it.