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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.
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‎February 24, 2023
7:26 AM