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jrn8265
New Member

72T 5329 Rounding Issue

Hello, I am trying to enter a 72T amount and Turbotax is rounding up the dollar and will not allow cents. How do I enter the exact 72T amount to the penny for the 5329 form per the IRS? Thanks

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4 Replies

72T 5329 Rounding Issue

The IRS prefers rounding. Let the program round the value. 

Vanessa A
Expert Alumni

72T 5329 Rounding Issue

You cannot change this.  All returns are rounded. 

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jrn8265
New Member

72T 5329 Rounding Issue

ok I just don't want to be audited as my exact distribution each of the 5 years ends with a 1.78 not a 2.

I am concerned. Is there any way to make it exact? Thanks

72T 5329 Rounding Issue

The program rounds because the IRS requires it ... nothing to be changed or corrected.

 

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