☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 5, 2019 10:19:49 PM

Should .50 be rounded up to 1.00 or down to 0.000

0 3 6004
1 Best answer
Level 15
Jun 5, 2019 10:19:50 PM

To round off amounts to the nearest whole dollar, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3. If

3 Replies
Level 15
Jun 5, 2019 10:19:50 PM

To round off amounts to the nearest whole dollar, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3. If

New Member
Jun 5, 2019 10:19:52 PM

Turbotax online is wrong.  It rounded mine down by itself.  4-2019
I entered 32,731.50 for 1099-MISC and it rounded down to 32,731 for calculations.

New Member
Jun 5, 2019 10:19:53 PM

Turns out the site asks for all the digits - but then throws them out and doesn't round at all.  I entered 32,731.51   and also tried 32731.99 and it still rounded down.