There are a few discrepancies between data on the 1099 B I received from my broker and data downloaded from the broker site into TurboTax. I wonder if anyone can help me with this question: I sold short 10,000 shares of a stock on 5/31/06. The trade went against me, so I covered on 6/5/06 for a loss. My 1099-B reports the transactions as follows:
9,800 shares sold 5/31/06 for proceeds of $129,355.97 200 shares sold 5/31/06 for proceeds of $2,627.91The proceeds listed are net of commissions and fees. The short sale and purchase were actually single orders, but executed at different times or prices. My TurboTax import from the broker (Fidelity) shows the following: 200 shares sold for proceeds of $ 2,513. Cost $ 2,758 G/L ($ 245)
3,800 shares sold for proceeds of $50,158. Cost $52,334. G/L ($2176) 5,800 shares sold for proceeds of $76,558. Cost $79,982. G/L ($3424) 200 shares sold for proceeds of $ 2,628. Cost $ 2,754. G/L ($ 126) wash sale +$126(Purchase and sale dates are as above)
Now, here's my question: the 1099-B shows sales of $131,983.88. The sum of the sales in TurboTax is $131,857. The difference appears to be the $126 wash sale. Do I need to make a change to what I report in TurboTax so that the sales number agrees with the 1099-B the IRS gets? Does this discrepancy matter? Thanks for any advice!