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New Member
posted Apr 5, 2025 12:05:22 PM

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?

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1 Replies
Expert Alumni
Apr 5, 2025 12:10:05 PM

You should round the number to $1.  Federal tax returns don't report cents.