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Posted by GSalisbury on April 2, 2008, 9:23 am
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> GSalisbury wrote:
>> Received a 1099-B from Broker.
>> Have been able to reconcile it to within $129.
>> Is that close enough?
> [...]
>> Is that within some tolerance or do we have to go on a search and destroy
>> mission?
>
> The thread has gone off on a discussion of rounding errors and what the
> IRS considers de minimis on a 1099-B.
>
> I would track back and ask, what is the "it" that you are able to
> reconcile within $129? The gross proceeds reported on 1099-B? The net
> proceeds reported on 1099-B? The Quicken TXF file? (not an official IRS
> reporting document, by the way). Are commissions and transaction costs
> being properly accounted for?
>
[snip]
>
> -Mark Bole
The "it" reconciled so far was the gross on the 1099 to the "gross" reported
and extracted from Qkn.
I haven't yet matched the detail of the 1099 to the detail from Qkn.
That's what I looking to duck - there's enough of them that my eyes are
glassy before starting.
The Qkn numbers agree within the Tax Summary and Capital Gains Reports and
the TXF import into TaxCut agrees with them - they all better sync up
otherwise I don't even want to think about it.
I suspect that we lost some d/l'ing sometime during the year.
We connect to d/l nearly every day.
There had to be issues connecting etc. at least once - there always is - so
maybe a line got lost.
Geo.
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