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jhdibari
New Member

Do I round off to the nearest dollar or include the cents amounts?

Do you round off when entering each interest income amount?
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1 Reply
Cynthiad66
Expert Alumni

Do I round off to the nearest dollar or include the cents amounts?

Per IRS instructions: "You may round off cents to whole dollars. If you do round to whole dollars, you must round all amounts. To round off amounts to the nearest whole dollar, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $1.39 becomes $1 and $2.50 becomes $3.J

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