@Should I be doing this wrote:
Lastly (finally), I had also left an email inquiry. The person who wrote me said "We support 9 digit entries so $10,000,000 won't be a problem." I respectfully responded with "so the biggest number I can enter is $999,999,999? Why not a billion? What's the problem? I'll live with it if I have to.".
I'm waiting patiently to hear from her why they can't do a billion.
It is not a TurboTax limit. It is the e-file form specifications (schemas) issued by the IRS that specifies how many characters a field can have. The IRS e-file also requires rounding cents to the nearest dollar.
Self-prepared software has limitations that professional software does not. The IRS interface for professional software is different.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
