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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.

How do I make it accept this?
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1 Reply
MindyB
Expert Alumni

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.

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