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Investors & landlords
@marmil yes I agree rounding is ok at the end but when TT rounds each entry for gains and losses it turns into a disaster. I cannot believe this happening......when you sum numbers you always round at the end or it is complete chaos. If the difference is only $1-$50 it will probably fly with the IRS. But some people have 100 entries on their 1099 and it can be the difference of hundreds and maybe thousands which would probably not fly with the IRS. Seriously people if your delta is anything over $100 which would make a difference of $25+ taxes owed I would delay your tax return and go use an accountant.
‎April 12, 2023
7:30 PM