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Recovery Rebate Credit - Line 11 Rounds off to 2 decimals and reduces my total credit
There is a slight glitch in Turbo Tax for line 11 of the Recovery Rebate Form. The IRS says to round to "at least 2 places". That does not mean round to EXACTLY 2 decimal places, but that is what the software does. For ALL users to get the maximum credit they are entitled, the software should round to 4 decimal places. Admittedly, it is not very large difference, but $10 is $10 (or in my case, $15). I would think this would be a pretty simple fix for Turbo Tax to make.
Meanwhile, there does not seem to be a way to overwrite this amount manually. Any suggestions?
March 6, 2022
8:43 PM