Entering 1099-Q Data

judgedcm — Mon, 23 Feb 2026 09:42:45 GMT

I am entering data from my 1099-Q. This includes Gross Distribution, Earnings and Basis. As I enter these amounts, the program automatically rounds that number up or down. When finished, I am told that the Earnings + the Basis must equal the Gross Distribution. Of course, it does, on the actual 1099-Q. But within the program it doesn't because each of the components are rounded as you enter them. Example: 1099-Q Earnings of $3.50 and Basis of $5.69 = Gross Distribution of $9.19. But when you enter the data, it changes it to Earnings of $4 and Basis $6 for a Gross Distribution of $10. How can this be fixed?

Re: Entering 1099-Q Data

Hal_Al — Mon, 30 Jan 2023 21:07:38 GMT

You have to force it to match, at the 1099-Q screen. Adjust the basis, since that number doesn't affect the calculations.

In your example, change basis to $5.49 or less.

topic Entering 1099-Q Data in Education

Entering 1099-Q Data

Re: Entering 1099-Q Data