YEAR 2023
I imported my 1099-b from company and numbers were ok including a cents.
Lot of proceeds 0n 1099-b were 0.25 ,0.25.0.25 0.10, 0.20, 0.20 and they were rounded down to zero on 8949. That resulted final negative number higher than one on 1099-b ( instead -$296 1099-b it was
-$298 on final 8949and and schedule D. This EXTRA -$2.00 GAVE me extra $6.00 more on refund
Problem is on 8949 when rounded numbers to the point that 8949 number is - $2.00 higher than 1099-b I tried to put cents on 8949 but rejected.
DO I HAVE TO AMEND THIS TAX RETURN ?
You'll need to sign in or create an account to connect with an expert.
You do not have to amend the tax return. The IRS doesn't care about a $2 rounding error. IRS forms do not allow cents. The IRS wants all amounts on a tax return to be rounded to whole dollars.
No need to amend for a trivial amount.
You do not have to amend the tax return. The IRS doesn't care about a $2 rounding error. IRS forms do not allow cents. The IRS wants all amounts on a tax return to be rounded to whole dollars.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ganesh_prk
New Member
thespiscraeft
New Member
jdpalasek
New Member
alex8
New Member
thodges713
New Member