72T 5329 Rounding Issue

Forum|Forum|4 years ago
January 17, 2022
2 replies
29 views

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

Bsch4477

Level 15

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

jrn8265Author

Level 2

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

Critter-3

Level 15

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

Vanessa A

Level 15

You cannot change this. All returns are rounded.

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72T 5329 Rounding Issue

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