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Level 1
February 4, 2023
Question

Out of Balance cannot continue- amounts entered are on the 1099-Q form

  • February 4, 2023
  • 1 reply
  • 6 views
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1 reply

KrisD15
Level 15
February 5, 2023

There may be a rounding error. 

Please adjust the amounts entered on the 1099-Q screen. 

Box 2 and Box 3 must add up to Box 1

If one rounded up or down differently than the other, it might show as a dollar off. 

Adjust the whole dollar amounts if necessary so they add up.  

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Level 2
April 1, 2023

I am experiencing the same error. I am entering the exact amounts on my form and Box 2 and 3 DO add up to the amount in box 1

KrisD15
Level 15
April 2, 2023

TurboTax will round up or down. 

You might need to make box 2 one dollar more or one dollar less. 

 

If the amount in Box 1 ends in .50 or more, round Box 2 UP 

If the amount in Box 1 ends in .49 or less, round Box 2 down

 

Enter as whole dollars 

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