TurboTax Early Rounding Issues creating LARGE variances between TurboTax Produced Return and Brokerage 1099-B Data

This is the first time I've had capital gains to report to the IRS due to selling employee stock purchase plan shares last year.  I imported my 1099 from Fidelity so was having the toughest time trying to figure out where I went wrong. I finally did a search and found this is a known issue. Luckily for me the amount is minimal but it did cause me time and aggravation. We're paying extra for Premium to address capital gains so please fix, TT!

I notice this thread is at least 4 weeks old. After entering my stock information there is no possible way I can make the totals match my 1099B. In a year where there have been losses for many people, this oversight by Turbo Tax has implications. I have always used Turbo Tax except for one year where it was a total fail and I used H & R Block software.  Looks like I'm heading this direction. It is late enough in the tax season this should have been addressed.  Please tell me there is an upcoming solution to this issue or you can't fix it. ONE WAY OR THE OTHER!!!!!!!!!!

Is there any other option to contact Turbo Tax?

I am trying to enter data from a 1099-B.  I type the request in the' Search' box on top right of screen and get'' 'jump to link'' etc but when I click on it get nothing on the screen  In one place Turbo says input the form--I just have a simple PC--no way to input the form.  In another place Turbo says click Yes to "Add an investment sale?" or or "Did you sell mutual; funds?"  But there is no box to click Yes in either case.   

Thanks in advance

At the end of the day, TurboTax's baffling change for the worse probably won't affect me. (My totals deviate by less than $10 for each category, e.g. proceeds, cost basis, etc.) But why/how did TurboTax go out of their with to break something that wasn't broken before?

Moreover, TurboTax has the audacity to instruct their customer support to just tell people to manually input their transactions instead of doing anything to fix this bug. 2020 was the year when a lot of people started actively trading stocks because of COVID. TurboTax couldn't have picked a worse time.

Based on multiple threads, TurboTax has been informed of this issue for months. Months. Intuit is a publicly-traded company with more 10,000+ employees and revenue in the billions. They couldn't fix this, or care to fix this?

TurboTax's customer support is also providing inaccurate, misleading information in these threads--with potential tax fraud liabilities and tax penalties for TurboTax customers.

IRS allows for rounding of totals, but not for the underlying numbers. Here's the quote from the IRS website: "If you have to add two or more amounts to figure the amount to enter on a line, include cents when adding the amounts and round off only the total."

Not to mention, Intuit spends millions of our money lobbying Congress every year to keep tax filing complicated. IRS already has most of our tax information and can file taxes for a lot of us or make it a lot easier to do so. Instead, Intuit takes our money to perpetuate a problem that they profit from at our expense.

It's clear that TurboTax isn't going to fix the issue. Based on all the other threads about this same problem, it's clear that customer support (whose hands are tied) can't provide any useful answer that "you paid $90 to save time, but we're going to make you spend hours anyway to fix an issue we caused."

Please @ me if you have any recommendations about boycotting TurboTax and moving to a different tax preparation software. I wouldn't be surprised if there's a class action lawsuit in the next few months. Please @ me when that happens so I can join. It's a shame my law firm doesn't do class action lawsuits, but I'll definitely mention this with the attorneys and ask around.

By the way, if this comment gets deleted, I'll post the same thing on Facebook, on any subreddits that deal with taxes and personal finance, and any Reddit posts that already complain about this issue.  I'll also blog about this. TurboTaxFraud.com and CovidTurboTax.com domains are both available for $12/year.

At this point, my options are: 1) just bend over and take it from TurboTax or 2) export my data to TaxAct or something. I'm going to take a few hours to think about this.

I've encountered this problem as well.

Without a fix for this, does anyone have a recommendation for an alternative

to TurboTax (H&R, TaxAct, ...). 

I'm ready to give up on TurboTax.

Thanks

It's 04/30/2021 and Turbotax still has not fixed this.

I also checked my 2019 return and Form 8949 was not rounded and matched broker statements. Thankfully I don't have too many but wow, what a lack of customer functionality from Turbotax. 
Why aren't you fixing this Turbotax, and why did you make the change in the first place - as many have said this is not required by the IRS.

TurboTax is inaccurate.  Federal refund amount submitted to IRS is incorrect.  The IRS refund on my Federal Taxes was $9 more than my TurboTax return.  In 12 years of TurboTax returns 2020 is the first time my refund didn't match.   Data on Form 8929 is supposed to match the 1099-B that financial institutions submit and it doesn't.  This leads to bottom line Tax due/refund discrepancies.   It is likely though unproveable, that TurboTax 2020 transaction level rounding is causing mismatches at the IRS.  The IRS doesn't explain the $9.   I did not override any data in TurboTax.  There's no way to prove it is due to TurboTax transaction level rounding but my self-calculations on Schedule D without rounding each transaction was significantly lower than the number TurboTax generated and reported.  

I too am really annoyed with this arbitrary and incorrect decision by Turbotax

There is absolutely no justification for this. If an individual taxpayer wants to round their numbers, they can do so--but forcing EVERY USER to accept this inaccurate implementation is ridiculous.  And in many cases, the result is also unfavorable to the taxpayer--- it is bad enough to pay as much as the government takes from us-- but to have the tax software force us to pay even more really takes the cake

2022 Rounding is still causing unnecessary headaches. 

My recent love affair with Turbo Tax and Intuit is souring.  

I had everything entered and happy (by hand!) and decided to stretch and try the import.

What a time consuming un fun mess. So much for convenience. 

A Good Clear option of rounding or NOT would be great.  Maybe I am missing something.

SOOOO many comments on this issue.  

I can say that with the new crypto reporting requirements, the software is definitely still not fixed. It even seems that the situation is worse than has been reported, the algorithm is actually rounding the COST (or other basis) DOWN and rounding the PROCEEDS UP. Example:

From brokerage:

Actual Cost: $3.34, Actual Proceeds: $2.01, Gain or loss: -$1.14

As reported on my taxes by TT:

Actual Cost: $2, Actual Proceeds: $3, Gain or loss: +$1

When there are a ton of transactions each one is chiseling away at my return. I pay a premium to use this service and I expect it to produce accurate returns and even find value to add to my return, not whittle it down through bad rounding algorithms.

Once again, I'm posting here because this needs to be addressed and use DOLLARS and CENTS to accurately report my numbers.