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New Member
posted Jun 6, 2019 12:31:09 AM

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
Level 15
Jun 6, 2019 12:31:11 AM

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

2 Replies
Level 15
Jun 6, 2019 12:31:11 AM

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

New Member
Jun 6, 2019 12:31:15 AM

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