We received a CP2501 letter saying that the IRS received 7 1099-B reports that were not included on our 2006 return.
The problem is that all 7 stock/mutual fund sales that they are questioning _were_ included on our return in exactly the same amounts that they are questioning.
Some of the entries on our return were a single line entry, some were mutual funds with reinvested dividends that were split between long and short term, and some were multiple entries using the FIFO method. In all cases the total sales amount matches the amount reported on the
1099-B.There were also many other sales in 2006 that we reported on the same schedule D that the IRS is not questioning.
We did efile using TurboTax. It is almost like the IRS didn't receive all of our Schedule D data -- is that possible???
How should I handle this? Attach a copy of our Schedule D and ask them to look again?