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Tobysguy
New Member

Software will not accept "$0.07" as an entry in Box 1 of 1099R. What should I do?

 
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‎February 27, 2021 1:36 PM
last updated ‎February 27, 2021 1:36 PM
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SweetieJean
Level 15

Software will not accept "$0.07" as an entry in Box 1 of 1099R. What should I do?

The IRS rounds that down to zero, so just omit the entire 1099-R.

‎February 27, 2021 1:47 PM
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Tobysguy
New Member

Software will not accept "$0.07" as an entry in Box 1 of 1099R. What should I do?

Thanks for the answer. It makes sense. How wonderful it would be if TT software had a pop up window with that same information when someone tries to enter a value of a few pennies. How much effort would that take?

‎March 2, 2021 8:41 AM
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