Talk of The Villages Florida - View Single Post - Fidelity Year End Tax statements DISCREPANCIES
Thread: Fidelity Year End Tax statements DISCREPANCIES
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Old 03-19-2022, 02:01 PM
CoachKandSportsguy CoachKandSportsguy is offline
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Default Fidelity Year End Tax statements DISCREPANCIES
Yes, the Fidelity year end tax statement detail does not agree to their monthly statements of distribution, and does not agree with the Royalty distributions statements from the two oil and gas company statements directly received from them.

And then Turbo tax can't keep the two different royalty company statements separate, I have entered them twice, and The Turbo Tax Schedule C isn't a direct entry but more of a rube goldberg set of questions.

The detail needed to file for public royalty trusts in the oil and gas industry is just rube goldbergish. . all this for a $37 royalty payment from one company which i owned for 15 days as a trade, which was supposed to be a long term hold.

So yes, turbo tax sucks for complex tax filings, and i am waiting to talk to fidelity to see what they say on Monday, as they have over $100 more in distributions than i actually received, and that the LP said i should have received

So yeah, you don't need a CPA to see the different amounts from two different sources, but why I hate accounting.

finance guy, not accounting guy, but we know the same things