2020 Federal Tax Refund amount differs from TurboTax amount

[prjohansen1941]

I e-filed my 2020 federal tax return on March 22, 2021. On March 22, 2021 I received notice from TurboTax that the IRS had accepted my filing. On March 30, 2021, a deposit from the US Treasury showed up in my designated checking account for an amount substantially less than the refund amount calculated by my TurboTax return. I have e-filed my federal income tax using TurrboTax for many years, and this problem has never occured before. What steps should I take to rectify this discrepency?

[MaryK4]

See Why is my federal refund less than I expected?

[Mike9241]

type E listing procedes of sale of stocks previously held at another investment firm. These stocks were from a demutualization and were listed at 0 cost basis, obtained 12/01/2001. When I looked at the form 8949 after importing from invest. firm, I noticed this transaction was listed in the short term catagory. Am I missing something, why the Turbotax has it catagorized different than on my 1099? Are not the capital gains in short term taxed higher than long term?

type E means that the security was held long term but cost basis is not reported to IRS. if you received the stock in 2001 as part of its demutualization then that's the acquisition date so selling in 2020 creates long-term capital gain 

code E should automatically make the sale long-term regardless of what actual dates are entered