@SteamTrain wrote:
Yeah, for some reason this has been a problem for multiple taxpayers this year. TTX will need to fix that in their software, but we have no idea when that will be.
The solution for some folks was to increase the Distribution by $1 for one person, dn decrease it by $1 for the other, so that the total getting on the form 1040 is the same.
____________________________
A dollar change will certainly get a letter from the IRS. Just change the box 1 amount by $0.01 up or down on one 1099-R so that it does not cross the rounding to nearest dollar amount and it will be transparent to the IRS.
**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.**
