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Retirement tax questions
Thank you DJG for taking this issue to its conclusion. In my opinion, the TurboTax goal should be to produce IRS form entries that match what brokerage companies are reporting to the IRS. In my case that is Fidelity Investments which at or near the top in terms of number of clients. Are ANY brokerages doing transactional rounding when they report to the IRS? No! They do not round at all. Therefore, the most accurate number to report is a rounded total, which places them at most 50 cents off rather MANY dollars off. Why induce the IRS to throw the red flag?
‎April 23, 2021
4:45 PM