In the 1099-R distribution info screen for Box 1, turbotax doesn't recognize my entry of $0.04/$04. It gives me this error: "Enter gross distribution in Box 1". Ideas?
This happens in the Federal > Wages & Income section. Could it be that it can't handle my extraordinarily small dollar amount? What can I do to get it to continue?
02871
2 Replies
KeshaH
Expert Alumni
Apr 1, 2025 6:03:40 AM
$0.04 rounds down to $0 so TurboTax would read this as if nothing or $0 was entered. You can delete this 1099-R if it only has the $0.04 in distribution.
oceantiedhq
New Member
Apr 1, 2025 7:24:52 PM
Thank you! That appears to be the standard practice after looking around, so I'll go that route.