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Retirement tax questions
There is a *major* problem when the advice from Intuit TurboTax experts is to deliberately do calculations wrong.
As was pointed out when this advice was given in this topic previously, the IRS clearly says numbers should not be rounded prior to calculations, only the final result. So for at least three tax years now, TT has been violating IRS instructions.[See 1]
This is a *bug*. Instead of advising users to "fudge" their returns to work around it, fix the error in the software. Seriously.
[1] IRS instructions: https://www.irs.gov/instructions/i1040gi#en_US_2021_publink24811vd0e4579
"If you have to add two or more amounts to figure the amount to enter on a line, include cents when adding the amounts and round off only the total."
March 6, 2022
8:49 PM