Business Software Adding Error

[Fiduciarysnt]

In Long Term Sales of 1099B , totals of individual stocks add up incorrectly. So, individual totals from Box 1D minus 1E do not add up correctly for gains/loss in summary for a sale account after pressing continue from list to summary.

[Anonymous_]

Check Forms Mode to ensure this is not some anomaly in the interview display.

Also, which type of return are you preparing (e.g., 1041, 1065, 1120-S)?

I have several test returns and have been unable to reproduce math errors in the program stemming from the entry of investment sales.

[Fiduciarysnt]

I am working on 1041 This photo shows the itemized list and totals with gain as it should be $14,444. I'll post the following page on next post.

[Fiduciarysnt]

Here is the next page after pressing continue; the summary is $14,445. While only $1; it still is an error. I have tried several times to see if the error clears but does not.

[Anonymous_]

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@Fiduciarysnt wrote:

Here is the next page after pressing continue; the summary is $14,445. While only $1; it still is an error.

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I am not convinced this is an actual error other than the program rounding the two figures. 

I am not sure I would be concerned about a $1 difference, regardless.

[Fiduciarysnt]

There still is a software error. Each entry is rounded up or down, then each column is totaled representing whole dollar amounts. When you subtract whole numbers or dollars there should be no rounding off. The last digits of my numbers are 5 - 1, which always equals 4, not 5 as the software did when it subtracted and records  proceeds. So one page is correct and then you continue to the next page and it is incorrect. If all of the itemized added or subtracted columns are one number, they should not change later in the software.

[Anonymous_]

I concur, but, again, the IRS is not going to get into a twist over a rounding error when it involves a small amount such as $1.