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bken
New Member

"Out of Balance" Error on 1099-Q

I cannot proceed with my taxes because when entering my 1099-Q I repeatedly get an error which states that the amounts in Box 2 (earnings) and Box 3 (Basis) must sum to equal Box 1 (Gross Distribution).

 

I am entering the exact amounts on the form, and they DO add up to equal box 1.

 

Box 1 1001.50

Box 2      35.31

Box 3    966.19

 

966.19 + 35.31 = 1001.5

 

What is the problem?

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2 Replies
KrisD15
Expert Alumni

"Out of Balance" Error on 1099-Q

The program will round 1001.5 up to 1002

Round up Box 2 to 36 and round Box 2 to 966

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bken
New Member

"Out of Balance" Error on 1099-Q

That is moronic, and if the software can't handle summing two-number decimals then it should have been explained on the page. I appreciate you nonetheless. 

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