turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099-q Error in TT Deluxe

Hi,

I was entering the gross distribution, earnings and basis into TT Deluxe.  It is not letting me move forward because it thinks that the Gross distribution is not the sum of the earnings and the basis.  I have done the multiple times, and it is correct.

Can someone please verify that there is not a bug in the code.

Thank you

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MelindaS1
Employee Tax Expert

1099-q Error in TT Deluxe

This is likely a rounding error. Try re-typing the values from boxes 1, 2, and 3 as rounded whole numbers, without the decimals on the end (assuming the values include dollars and cents). For example, $0.00 round to $0
 

This will not cause a reporting issue; the IRS does not accept decimal values anyway, and will expect the final totals on your tax return to be rounded up or down to the nearest whole dollar by the tax software regardless.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question