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Retirement tax questions
It does seem that the IRS gives some "vague" guidance on page 2 the 8949 instructions:
"Rounding Off to Whole Dollars
You can round off cents to whole dollars
on Form 8949. If you do round to whole
dollars, round all amounts. To round, drop
cent amounts under 50 cents and
increase cent amounts over 49 cents to
the next dollar. For example, $1.49
becomes $1 and $1.50 becomes $2."
I highlighted the CAN and IF... seems like the IRS was making things easier for people MANUALLY filling out the form... not for software which can easily do the math. NEEDS to be fixed, I'm losing more with the rounding than it would cost to buy an other software program that gets it right...
By the end of the week, a 20 year turbo tax customer will be saying goodbye.
‎February 15, 2021
7:09 AM