The system won't accept an amount of less than a $1 on the gross distribution (Box 1) of a 1099-R. However I have a situation where the number is correct at $.77.
How do I make it accept this?
posted
April 5, 202512:05 PM
last updated
April 05, 202512:05 PM
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The system won't accept an amount of less than a $1 on the gross distribution (Box 1) of a 1099-R. However I have a situation where the number is correct at $.77.
You should round the number to $1. Federal tax returns don't report cents.