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Receiving "Out of Balance" error while entering 1099-Q information

Hello. As I was entering the "Gross Distribution", "Earnings" and "Basis" information from my 1099-Q, TurboTax is rounding the numbers to the nearest dollar. This results in the Gross Distribution not being equal to the Earnings plus the Basis which results in the "Out of Balance" error message. Am I ok to manually update the "Gross Distribution" entry even though it won't match the 1099-Q form in order to clear the error message?

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1 Best answer

Accepted Solutions
Hal_Al
Level 15

Receiving "Out of Balance" error while entering 1099-Q information

Yes. It's a common problem and that is the solution.

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1 Reply
Hal_Al
Level 15

Receiving "Out of Balance" error while entering 1099-Q information

Yes. It's a common problem and that is the solution.

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