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New Member
posted Jan 21, 2021 8:16:31 PM

Turbotax is saying the sales price does not match the value on the capital gain (loss) adjustment worksheet. How do I fix this if the sale price does match on my 1099?

For some reason, I noticed turbotax rounds up the numbers, which could be the case of this problem. At this point, I might as well choose another service if theres no help

0 9 1044
9 Replies
Level 15
Jan 21, 2021 9:16:48 PM

known problem being worked.

since IRS is not open yet, wait.

Level 1
Jan 22, 2021 9:05:15 PM

I have the same problem. I tried to round up it on 1099-b Worksheet and it worked for this one entry, but not going to do it 500 times on  downloaded data from my TD Ameritrade account

Expert Alumni
Jan 23, 2021 2:17:01 PM

You may have a 1099-B from an ESPP (Employee Stock Purchase Plan).

 

For ESPP shares, the cost basis is the discounted purchase price, plus the compensatory income recognized on Form W-2. Under new IRS rules, starting in 2014, brokers who sell any ESPP shares will only be allowed to report the discounted purchase price of ESPP shares as the cost basis on Form 1099-B.

 

This link will give additional details:  Employee Stock Purchase Plan

 

If this is not an ESPP please resubmit your question.

New Member
Jan 24, 2021 11:33:42 AM

Hey John,

 

I think this problem is in the TTax code. It seems to be comparing values from 1099-B worksheet with the capital gain (loss) adjustment worksheet.  The later has figures only in dollar amounts, but the 1099-B includes cents.  As suggested by the other user in this thread, I have data ported via a TXF file and then the remainder of what happened is all within the code of TTax. So, I think we are both looking for a fix from Intuit.

Level 1
Jan 24, 2021 5:16:34 PM

I am getting the same error message even though I correctly entered the numbers as displayed on the 1099-B received from the brokerage firm. 

Level 1
Jan 25, 2021 8:48:12 PM

dose anybody know if there is a way to talk to somebody in TurboTax that actually know the software?

Expert Alumni
Jan 27, 2021 1:34:30 PM

SOLUTION!   The error message is because it is matching cents to whole dollars.  Here is the solution ( and if you have a lot of stocks, not the best):

1.  For each sales transaction in the Wages and Income section, write down each sale, cost and gain/loss numbers.  You will note all of these have been rounded off and no cents

2. Initiate a Review and for each number it shows, match it to the number written down and change to that whole number

 

Laborious if a lot of transactions but a solution for now.

New Member
Jan 29, 2021 12:31:11 PM

mhoffman1 - that is not what those of us in the software industry would call a SOLUTION - it is a work around.  Your suggestion is appreciated but not very practical if someone has very many transactions. It puzzles me that this is a problem since it worked fine in MANY previous years. Someone has obviously introduced a bug into the code this year.

Expert Alumni
Jan 29, 2021 5:21:07 PM

@Ken7547 There is an additional worksheet generating and technical is working on the problem. The IRS opens February 12 and there are many forms still being finalized at the government levels and TurboTax is incorporating them as quickly as possible.