RobertB4444
Expert Alumni

Retirement tax questions

It's most likely a rounding error.  Remember, the IRS requires that all numbers be rounded to the nearest dollar.  So TurboTax rounds those numbers for you.  If the rounded numbers come out a dollar or two different from the total on the 1099-K (which they almost always do) then the program makes the math mistake for itself.

 

Go through all of your numbers from the 1099-K and round them to the nearest dollar yourself.  Then total them up.  Then take a dollar away from a couple to make the numbers match.

 

@norman945 

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