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New Member
posted Feb 27, 2021 1:36:10 PM

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

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2 Replies
Level 15
Feb 27, 2021 1:47:00 PM

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

New Member
Mar 2, 2021 8:41:20 AM

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?