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datavet
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How to Handle $1 Total Book/Tax Difference?

In the Income reconciliation Summary the "Total Book/Tax Difference" is -$1 (Tax Return $8,000, Books $8001).

How would one make the correction without overwriting imported values from QB?

Or, is it important to correct?

Thank you.

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1 Best answer

Accepted Solutions

How to Handle $1 Total Book/Tax Difference?

Add $ 1 of other income to tax return, as this is just a rounding issue and then both will be at $8,001.

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2 Replies

How to Handle $1 Total Book/Tax Difference?

Add $ 1 of other income to tax return, as this is just a rounding issue and then both will be at $8,001.

datavet
New Member

How to Handle $1 Total Book/Tax Difference?

Your suggestion worked wonderfully. Thank you very much!  This has been annoying me all morning.
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