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Get your taxes done using TurboTax
@artg , back when I did paper returns, I didn't round, I included the cents. Then when I worked as a tax volunteer for a couple years, the directive was to do the rounding ourselves before inputting, in the interest of efficiency. So I carried over that practice when I began using TT for my own returns. For example as I'm inputting from a 1099-R with a gross of "106.49", I'll enter "106". If it's "106.50", I'll enter "107". The only times I've come across in my own tax returns when I've had a mini quandary about rounding is when entering 1099-B (sales report from a broker). I haven't gotten to the point where I use TT's offer to import data since I rarely have much to report. So I enter the detail of each stock transaction rounded up or down. Sometimes the total from this does not match the 1099-B summary line from the broker. Understandable since I've cut off the cents. But if I bump a detail amount up or down by a dollar, it will match. Maybe another solution is to enter the cents for the detail items, but that would break my protocol of no cents appearing on my return. My main purpose of having the detail and summary amounts match the 1099-B is to pass any IRS red flags that would compare the amounts, but there is probably a range of at least a couple dollars built in to allow for rounding, one would think.