jht
Level 1

Get your taxes done using TurboTax

My TurboTax 2016 and 2017 returns were both audited because of Form 8962 rounding errors. Because TurboTax rounds the monthly values, the annual amounts are a few dollars off from the annual totals reported on Form 1095-A. In both years I had to send the IRS documentation showing how TurboTax rounds monthly figures and thus explaining the discrepancies between the TurboTax generated Form 8962 and the healthcare exchange generated Form 1095-A. I'm not sure I want to go through another audit with my 2018 return. My 2017 refund was delayed nine months because of these rounding errors. Does anyone know if Intuit has fixed this for 2018? All we need is the option to enter an annual amount rather than monthly amounts which end up being rounded and causing problems. This problem is exacerbated by the fact that the Form 8962 generated by TurboTax shows only the annual amounts anyway; the rounding of monthly amounts is not apparent to an IRS auditor.

 

Inuit, please help.