Solved
1099-R Rounding error on total amount
Using Turbo Tax for Tax Year 2019. I have two 1099-R forms to enter reporting early distributions from two different IRAs. These two IRAs are in my 72(t) universe. When Turbo Tax adds the balances up, it is rounding down the two amounts first, and then adding them up, which ends up rounding down the total amount. Last year (2018), I only had one 1099-R form, and the amount was rounded up. Since I am taking the early distributions from my IRAs as a part of a 72(t) "Substantially Equal Periodic Payments" plan, I want the amounts to match exactly, year over year. In this case, the amount reported on this years return is $1.00 less than last year. I do not want to "bust" my 72(t) plan due to a Turbo Tax rounding error. Thoughts?
