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Level 1
posted Feb 21, 2021 1:35:22 PM

On the 1099-R worksheet, I cannot add the "1a" box amount of "$0.06". It gives an error of "Enter gross distribution in Box 1". It appears to be a software error to me.

This is caused by, my best guess, the fact that when I rolled my IRA over, they forgot to roll over what I presume to be the interest, or something?  I have one for $0.06 and another for $0.01.

0 3 417
3 Replies
Expert Alumni
Feb 21, 2021 1:57:31 PM

My recommendation is to completely ignore the amounts of $0.06 and $0.01.  Just pretend they aren't on the form.  That's what the IRS will do on their end.

Level 1
Feb 24, 2021 10:52:31 AM

Thanks David. 

 

I ended up leaving the value in there.  The bad thing was that I was stuck in a loop with reviewing and was only able to abort when I clicked back to the Income category on the left-hand side of the webpage. I was unable to get out by naturally using the Back or Continue buttons.  The program should alert you of the low value, but should not keep the user stuck in a loop. 

 

I had reviewed all of the other categories and planned to just force it or bypass to submit the tax return.  However, when I went to Review my Return before filing, TurboTax left the values in there and asked a few more questions about the form. After completing those steps, I was able to resolve each of the warnings.

 

I hope the TurboTax team reviews this comment, and logs the defect for the next person that may encounter the problem.

Expert Alumni
Feb 24, 2021 11:05:49 AM

In turbo Tax, dollar amount less than $.50 cents woll be dropped to zero and over $050 cents will be rounded off to the next dollar amount.