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Investors & landlords
No, not at all!! Now, if it were to change by thousands of dollars in your favor, then yes the IRS would come a calling. What they receive electronically will approximate what you received - they will then check to make sure that your tax due/refund is not affected. Again, more so tax due, of course!! The IRS's software does the rounding in the accurate direction so it will still be off by those minimal dollars, but again, they don't audit or send out letters unless there is tax due or additional refundable. I am glad this helped!
March 2, 2021
11:46 AM