When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

posted

Connect with an expert

4 Replies

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

Enter the exact amount. TT will do the rounding correctly.

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

Thank you for the quick reply. I have already entered multiple 1099s and W-2s and properly rounded up and down to the nearest whole dollar. Would I need to go back and adjust all number to exact numbers, or just leave them as is? And then in the future I will just enter the exact numbers and let TurboTax round for me.

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

looking at my own IRS transcript I noticed that IRS always rounds down.

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

Either way. If you enter the exact amount then Turbo Tax will round them.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

Do you have an Intuit account?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

When entering dollar amounts on a W-2 or 1099, do I put the exact amount with dollars and cents? or round up or down to nearest whole dollar?

Unlock tailored help options in your account.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert