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Retirement tax questions
This doesn't address the question. The problem is that TurboTax expects the rounded values on Form 1099Q Box 2 and Box 3 to add up to the rounded value in Box 1 - you can potentially be off by a dollar. The question is where to fudge the dollar, recognizing that turbotax will then have a value that doesn't match a value reported to the IRS on the tax form.
By way of example, here's my 1099-Q this year (only using ending digits for privacy):
Box 1 Gross Distribution: $9.61
Box 2 Earnings: $4.34
Box 3 Basis: $5.27
I enter those values. Turbotax then rounds each of them into
Box 1: $10
Box 2: $4
Box 3: $5
and yells at you that it's out of balance as Box 1 should equal the sum of Boxes 2 and 3.
In order to make it balance, one of those boxes needs to get changed to something which will be $1 off from the rounded value reported to the IRS. Which is the least bad option?