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Level 1
posted Feb 7, 2023 10:00:40 AM

Income Discrepancy

so I have two parts to my income self-employed which is a bigger chunk in W2 which is another portion. I know this on my W2 that I filed my income was listed as 4922.

however just manually adding in my multiple w2s I end up with 4921.43.

 

Is that a discrepancy with TurboTax software or is that your not likely to mean anything for the IRS as far as triggering an audit or something? thanks.

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1 Replies
Expert Alumni
Feb 7, 2023 10:20:41 AM

Yes, the wages will be rounded automatically or you can round them yourself.  You do not have to enter the cents in any field, it's your preference. 

 

There is no audit risk with rounding. The IRS wants rounded amounts and no cents.

 

@amaui