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August 5, 2024
Question

2022 Audit

  • August 5, 2024
  • 1 reply
  • 0 views

Turbo imported the COST BASIS from my 1099b fom instead of the GAIN OR LOSS resulting in a substantial underpayment and resulting penalties. I am looking for help from TurboTax in verify this information was imported directly by TurboTax, and not entered by the user in the hope I can get the penalties and interest waived.

1 reply

August 5, 2024

Turbotax does not import gain/loss. it imports selling price, cost and adjustments provide the electronic file from which the data is imported is properly formatted.

 

 

however, if you think you have a claim here's how to file

https://ttlc.intuit.com/turbotax-support/en-us/help-article/intuit-account-billing/submit-claim-turbotax-100-accurate-calculation-100/L88SYklBL_US_en_US