bken
New Member

"Out of Balance" Error on 1099-Q

I cannot proceed with my taxes because when entering my 1099-Q I repeatedly get an error which states that the amounts in Box 2 (earnings) and Box 3 (Basis) must sum to equal Box 1 (Gross Distribution).

 

I am entering the exact amounts on the form, and they DO add up to equal box 1.

 

Box 1 1001.50

Box 2      35.31

Box 3    966.19

 

966.19 + 35.31 = 1001.5

 

What is the problem?