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Retirement tax questions
If the Turbo Tax Business version is so concerned that the required balance sheet match accounting then it should stop rounding. Adding a transaction, as suggested above, is not the way to resolve this as it is also a false representation.
Unfortunately, for me to resolve, I had to reduce one of my deductions by the discrepancy amount (in my case $1) which I am sure the IRS will not be concerned by since I am lowering and not inflating but this is still a stupid implementation.
Fix the business return programs and stop rounding. Every $ amount entered should include two decimals places to the right of the period.
March 9, 2024
7:19 AM