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vaan2561
New Member

Does anyone have solution for 1099-B error: the form 1099-B Worksheet does not match the value on the capital Gain (Loss) Adjustment Worksheet?

Values entered to turbo tax as reported on the form 1099-B from the broker, but the error keeps popping up when doing the final review. I've tried both ways: entering summary of sales, and importing all the sales
6 Replies
AmyC
Expert Alumni

Does anyone have solution for 1099-B error: the form 1099-B Worksheet does not match the value on the capital Gain (Loss) Adjustment Worksheet?

The tax software and the downloaded numbers are not rounding in the same method and this is throwing off the worksheet. This is a known issue and a fix is in the works.

 

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Marian_K
Level 1

Does anyone have solution for 1099-B error: the form 1099-B Worksheet does not match the value on the capital Gain (Loss) Adjustment Worksheet?

I just wish that support technician realized that it’s “a known issue and a fix is in the works”. Yesterday I spend an fruitless hour with a support person on the phone.

lamuncha45
New Member

Does anyone have solution for 1099-B error: the form 1099-B Worksheet does not match the value on the capital Gain (Loss) Adjustment Worksheet?

I do not used turbo tax to download my 1099-B info, I enter it directly from the 1099-B

After hearing of the "rounding error" I went back in and re- entered rounded data in the return.

Got the same errors during the fed review.

So not sure if it is in fact a rounding error.

I do know three returns cannot be filed until this is corrected.

 

Or can they? The math on the worksheet matches the data on the 1099-B, can I ignore the error?

Or if the software won't let me continue is there a work around?

 

AmyC
Expert Alumni

Does anyone have solution for 1099-B error: the form 1099-B Worksheet does not match the value on the capital Gain (Loss) Adjustment Worksheet?

The program is creating an additional worksheet and technical is aware of the issue.

Rounding is required by the iRS, just a matter of rounding upon entry or rounding after adding all the numbers. 

@lamuncha45

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Marian_K
Level 1

Does anyone have solution for 1099-B error: the form 1099-B Worksheet does not match the value on the capital Gain (Loss) Adjustment Worksheet?

today's upgrade is solving the problem

ebmarch
Returning Member

Does anyone have solution for 1099-B error: the form 1099-B Worksheet does not match the value on the capital Gain (Loss) Adjustment Worksheet?

This rounding method, for my tax situation, resulted in a capital gain larger than the number on the 1099-B using the exact numbers (so I pay more taxes since it inflated by capital gain) and  a capital loss smaller than the number on the 1099-B using the exact number (repeat the pay more taxes comment).

 

Why doesn't TT compute the gain/loss using the exact numbers and then round the gain/loss? It seems like this would be more accurate.

 

thanks.

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