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posted Jun 5, 2019 11:56:27 PM

Entering 1099-Q for educational withdrawals from a 529. TurboTax insists on rounding the amounts to the nearest dollar and then tells me that it does not balance.

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2 Replies
Intuit Alumni
Jun 5, 2019 11:56:29 PM

Round up the earnings to the next dollar amount. 

Level 15
Jun 17, 2019 7:19:56 PM

That's because the IRS doesn't deal with pennies, dimes nickles or quarters. Whole dollars only. So if necessary, round up or down a dollar as necessary so things balance.