It appears there is a bug in the software around form 1099-Q. The Box 2 + Box 3 amts = Box 1 but the software is throwing an error saying it does not. Anyone else?

[dcridercpa]

Specifically I have entered $1,348.57 in box 1, $408.23 in box 2 and $940.34 in Box 3.

[DaveF1006 · Accepted solution]

Sometimes, the software may receive a rounding error, causing a difference in the totals.  Since the IRS only accepts round numbers, it causes a mismatch in the totals. Try entering in the following manner to see if this will clear the error.

• Enter $1349 in the first box
• $408 in the second box
• $941 in the third box.

There is second workround that has been successful for some users.

Because the error is caused by rounding mismatches, users have fixed it by changing one of the boxes by $0.01 in either direction. Example: Change Box 3 from 940.34 → 940.33 or 940.35. This forces TurboTax to recalculate and accept the form..

[dcridercpa]

I figured it out...Most of the time when you type in the full number (with cents included) TurboTax takes care of the rounding.  In this instance it didn't adjust the amount entered to a whole number.  So I had to round to whole numbers that made it so box 2 + box 3 equaled box 1.

[dcridercpa]

Thanks, Dave!  You were too fast for me 🙂