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.
02511
2 Replies
KrisD
Intuit Alumni
Jun 5, 2019 11:56:29 PM
Round up the earnings to the next dollar amount.
Carl
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.