topic 1099-R amount is rounded up in Wages & Income in Get your taxes done using TurboTax

1099-R amount is rounded up in Wages & Income

backdoorRothIssue — Tue, 10 Feb 2026 11:23:44 GMT

FYI it's from backdoor Roth IRA: Contribute to Traditional IRA -> convert to Roth IRA

1. Entered my 1099-R - which is $6501.51 - in Wages & Income page it's shown as $6502.00. I click on edit and it's the correct amount

2. In Deductions & Credits - it also says from of my conversion $2 is taxable

Is this a bug?

Re: 1099-R amount is rounded up in Wages & Income

Mike9241 — Sun, 18 Feb 2024 02:56:58 GMT

Turbotax rounds in accordance with the tax laws. if you don't like the extra 49 cents you may have to prepare your return manually. most tax software these days, round

you contributed $6500 and earned $2. that $2 is taxable.

Re: 1099-R amount is rounded up in Wages & Income

backdoorRothIssue — Sun, 18 Feb 2024 03:14:29 GMT

"Turbotax rounds in accordance with the tax laws" - good to know - thank you.

"if you don't like the extra 49 cents you may have to prepare your return manually"
I was just asking because I didn't know not because I was outraged by 49 cents