DanaB27
Expert Alumni

Deductions & credits

Yes, you should leave the cents off when entering the RMD.

 

"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." (IRS)

 

Can you clarify what line B you are talking about? Please be aware that RMD's cannot be rolled over or converted.

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