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laura-e4man
New Member

I'm entering my interest in the Turbo Tax 1099 tax form, and it appears to be rounding $10.50 to $11.00. Is this normal/okay?

I'm entering my interest in the Turbo Tax 1099 tax form, and it appears to be rounding $10.50 to $11.00. Is this normal/okay?

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PatriciaV
Employee Tax Expert

I'm entering my interest in the Turbo Tax 1099 tax form, and it appears to be rounding $10.50 to $11.00. Is this normal/okay?

Yes. The IRS works in round dollars (no cents), so TurboTax handles the rounding for you.

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PatriciaV
Employee Tax Expert

I'm entering my interest in the Turbo Tax 1099 tax form, and it appears to be rounding $10.50 to $11.00. Is this normal/okay?

Yes. The IRS works in round dollars (no cents), so TurboTax handles the rounding for you.

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