PattiF
Expert Alumni

Deductions & credits

TurboTax is not putting you at risk for audit. Please see the following from the IRS:

 

The instructions from the IRS for Form 1040 say that you can round cents to whole dollars.

 

"Rounding Off to Whole 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.

If you are entering amounts that include cents, make sure to include the decimal point. There is no cents column on the form."

 

 

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