TurboTax fetched tax document directly from Robinhood. Seems like doing round figure of each txns it's showing $10 less capital gain. Is that find to proceed with?

TurboTax fetched tax document directly from Robinhood. Seems like doing round figure of each txns it's showing $10 less capital gain. Is that find to proceed with or I need to make some corrections. While editing Turbo tax doesn't take cents so it will still give me same amout which it calculated automatically. How to proceed?

498

1 Best answer

Expert Alumni

Feb 22, 2021 2:58:22 PM

TurboTax has rounded the imported numbers according to the IRS rules. There is no need to adjust the numbers. It is OK to have some dollars of difference in the totals.

Level 1

Feb 22, 2021 1:35:16 PM

I found the answer on below link.

https://ttlc.intuit.com/community/retirement/discussion/do-turbotax-rounded-1099-b-input-entries-need-to-be-manually-corrected-to-be-consistent-with-1099-b/00/347174

Expert Alumni

Feb 22, 2021 2:58:22 PM

TurboTax has rounded the imported numbers according to the IRS rules. There is no need to adjust the numbers. It is OK to have some dollars of difference in the totals.

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TurboTax fetched tax document directly from Robinhood. Seems like doing round figure of each txns it's showing $10 less capital gain. Is that find to proceed with?