sebcarotte
Returning Member

Inconsistent rounding on Schedule B compared to other forms and Schedules

Hi,

I'm filing my taxes using TT and it seems the rounding is not always consistent across forms and schedules.

For example I imported a 1099-DIV with those info

  • 1a Total Ordinary Dividends $ 435.25
  • 1b Qualified Dividends $ 197.82
  • 2a Total Capital Gain Distributions $ 29.78
  • 5 Section 199A Dividends $ 3.16
  • 7 Foreign Tax Paid $ 14.27

And I imported a 1099-INT with the following detail

  • 1 Interest Income $ 56.54

The problem is that on Schedule B, the dividends appears as not rounded ($ 435.25) as well as the interest income  ($ 56.54)

Whereas the other amounts like qualified dividend ($198), Capital gains ($30) appear as rounded on 1040 and 199A Dividends appears also as rounded ($3) on form 8995, as well as Foreign Tax Paid, rounded ($14) on Schedule 3.

 

It also generates a discrepancy because my dividends on Schedule B are $ 435.25 whereas it is rounded on 1040 - 3b to $435

Same for the total interests that are $ 1,862.54 on Schedule B (I have in addition of the $ 56.54, $1,806 of interests from foreign account which I obtained using the treasury rates and rounded) whereas on 1040 - 2b it is reported as $1863


From what I read on TT, it's either all numbers are rounded or none, so I would like to see how can I have those numbers rounded on Schedule B?

 

Thanks
Seb.