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Deductions & credits
Please go back through the 1098 section and remove any decimal points. Round .50 and up to the next dollar and .49 and less down to the whole dollar.
TurboTax chooses to use rounding.
According to the IRS:
“Computations
The following information may be useful in making the return easier to complete.
Rounding off dollars.
You can round off cents to whole dollars on your return and schedules. If you do round to whole dollars, you must round all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3.
If you have to add two or more amounts to figure the amount to enter on a line, include cents when adding the amounts and round off only the total.”
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