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?
You'll need to sign in or create an account to connect with an expert.
Yes. It's a common problem and that is the solution.
Yes. It's a common problem and that is the solution.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ronvttax
Level 3
brishajam03
New Member
ras43081
Returning Member
Teemoe
Level 3
artmayer
New Member