Has anyone encountered an issue where the value input for box 1 - Gross Distribution for form 1099-R is not being accepted (the value for me is $0.94 cents, $1 works)?
When I try changing value to $1 it works. I've tried inputting $.94 but it automatically adds the leading 0 before the decimal. Not sure what's going on but seems like a bug.
02447
2 Replies
Critter-3
Level 15
Jul 5, 2021 8:40:30 AM
The program should automatically round this up to $1 so if it didn't then you can do so. I have never heard of a 1099-R distribution for less than $1 so maybe the program is not prepared for this situation.
Anonymous_
Level 15
Jul 5, 2021 8:43:11 AM
I agree with @Critter-3 with respect to the distribution amount.
Further, the program does indeed round the figure up to $1, which you can see in the summary and also in Forms Mode on your 1040.