2014529
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I import 1099B from Merrill Edge. Turbotax summary different with Merrill Edge summary around $30. Look like the Turbotax round up number at some data. What should I do?

1) I import 1099B from Merrill Edge. Turbotax summary different with Merrill Edge summary around $30 (gain, loss, total sale...). Look like the Turbotax round up number at some data. What should I do?
2) Last years, all 1099B data are attached to 1040 form. This year only 1 page of data is attached. Is this normal?
Thank you.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I import 1099B from Merrill Edge. Turbotax summary different with Merrill Edge summary around $30. Look like the Turbotax round up number at some data. What should I do?

No, this is not "normal" but has been an issue this year with many brokerage firm electronic statements and many tax prep software products. First, before worrying too much at all, check to see if the $30 discrepancy is causing your "bottom line" to affect the tax bracket that you are falling into. It should not be at all, just to let you know. Therefore, as long as your tax due or tax refundable amount is not affected by this $30 discrepancy, you are just fine. You will not hear from the IRS unless that end result differs due to the amount of the discrepancy. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question