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Q. Every time I add 104.70 as the amount in box one on my 1098-t form (which is payments received) I’ll press continue to the next section and it says 105 in box one instead of 104.70, is that normal?
A. Yes
So I should just leave it as $105 even tho on the 1098-t form it says 104.70
Yes, IRS requires that all numbers be rounded up if the cent total is more than $.50. If less than .50, it is rounded down.
Yes.
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