My downloaded 1040 from previous year isn't displaying the cents amount in the totals column. Anyone else encountered this? How do I get that information?
031041
3 Replies
xmasbaby0
Level 15
Jan 13, 2025 6:12:07 AM
That is because the IRS wants it that way. The amounts on a Form 1040 are in whole dollar amounts---without "cents." What are you trying to do----why do you want the "cents?"
timothy-king77
New Member
Jan 13, 2025 6:59:44 AM
I don't necessarily want cents, I just want to be exactly accurate so that my 1040x doesn't get kicked back/rejected. I will leave cents off though.
Mike9241
Level 15
Jan 13, 2025 7:55:20 AM
you can enter cents and then Turbotax rounds. the general rule is you round down to the next whole $ for 49 cents or less and up to the next whole $ for 50 cents or more. I've been rounding on returns since the 70's and it has never caused a problem