3198868
FYI it's from backdoor Roth IRA: Contribute to Traditional IRA -> convert to Roth IRA
1. Entered my 1099-R - which is $6501.51 - in Wages & Income page it's shown as $6502.00. I click on edit and it's the correct amount
2. In Deductions & Credits - it also says from of my conversion $2 is taxable
Is this a bug?
You'll need to sign in or create an account to connect with an expert.
Turbotax rounds in accordance with the tax laws. if you don't like the extra 49 cents you may have to prepare your return manually. most tax software these days, round
you contributed $6500 and earned $2. that $2 is taxable.
"Turbotax rounds in accordance with the tax laws" - good to know - thank you.
"if you don't like the extra 49 cents you may have to prepare your return manually"
I was just asking because I didn't know not because I was outraged by 49 cents
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
MaxRLC
Level 3
MaxRLC
Level 3
joegrillope
New Member
lkjr
New Member
wcrisler
New Member