@JoAnnNB @DanaB27
OK...this is the strangest error I've ever seen.
I repeated your problem exactly...the cents parts were critical.
______________
THEN....I did notice one thing....
The value of two boxes of the 1099-R must add up to 53749.50 (as long as box 1 is correct).
....but...they add up to 53749.60 not xxxxxx.50
1) So...changing box 2a to 320.26 results in the 320 being properly entered on line 26a of the 1099-R Summary, and an "ALMOST" correct $321 being posted to line 5b of the form 1040. (rounding issue?)
__________________
2) (Removed..not quite correct 2nd part)
_________________
Thus I suspect a strange issue in the behind the scenes calculations, that somehow detects the 10cent error that results in nothing being placed in line 26a of the 1099-R Summary sheet (should be $320)
_____________________
What to do? I would just go ahead and set box 2a of the 1099-R to 320.26 and if that works for you too, then move on. Yeah, your line 5b of the 1040 is $1 too high at $321......you can probably live with that.
(whole bunch of rounding nonsense going on)
_________________
@DanaB27
I've seen a number of posts this year where people are porting similar issues (A doubling of the 1099-R, box 2a taxable amount).....Perhaps they have some subtle mis-## entry issues too.
...but shouldn't be that drastic for 10 cents screwing up the entire 1099-R Summary worksheet??
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
