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steveza55
New Member

Form 8962 rounding of monthly totals causes Turbotax to calculate a credit for me of $314 when it should be $310. Dont want to get audited, can i fix this?

 
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4 Replies
bgainer
New Member

Form 8962 rounding of monthly totals causes Turbotax to calculate a credit for me of $314 when it should be $310. Dont want to get audited, can i fix this?

Just accept the Turbo Tax figures.  The IRS rounds up and down too
steveza55
New Member

Form 8962 rounding of monthly totals causes Turbotax to calculate a credit for me of $314 when it should be $310. Dont want to get audited, can i fix this?

Thanks for the reply. Worried cause a quick search of the internet shows a number of people being audited for this situation.  

Form 8962 rounding of monthly totals causes Turbotax to calculate a credit for me of $314 when it should be $310. Dont want to get audited, can i fix this?

They are audited for failure to file the 8962 not for being a couple of $$ off ... none of my client have ever been audited for the rounding issue.
steveza55
New Member

Form 8962 rounding of monthly totals causes Turbotax to calculate a credit for me of $314 when it should be $310. Dont want to get audited, can i fix this?

Thanks
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