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Has anyone encountered an issue where the value input for box 1 - Gross Distribution for form 1099-R is not being accepted (the value for me is $0.94 cents, $1 works)?
When I try changing value to $1 it works. I've tried inputting $.94 but it automatically adds the leading 0 before the decimal. Not sure what's going on but seems like a bug.
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July 5, 2021
8:31 AM
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Retirement tax questions
The program should automatically round this up to $1 so if it didn't then you can do so. I have never heard of a 1099-R distribution for less than $1 so maybe the program is not prepared for this situation.
July 5, 2021
8:40 AM
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Retirement tax questions
I agree with @Critter-3 with respect to the distribution amount.
Further, the program does indeed round the figure up to $1, which you can see in the summary and also in Forms Mode on your 1040.
July 5, 2021
8:43 AM