In my case, I have a number ending in .50 which is rounded up. Then I have to enter the two numbers on the form that add up to this. They end in .01 and .49, so they are rounded down. Then TT tries to check the total of the two smaller numbers, which of course doesn't match the rounded total, so it complains. This is a bug. It should check the balance of the numbers I entered, not what it has created by rounding.

keithneargarder

I have this same problem but mine is two numbers being rounded up then added and compared to a 3rd number which was rounded down and now TT complains that my numbers don't match. 😞 So I guess I have to enter a wrong number in one of the cells in order for TT to accept it and let me proceed - how stupid is that??? Very difficult for an EXTREMELY **bleep** and detail oriented person to accept.

starting2makecents

TurboTax shouldn't be allowed to round! I have been struggling to get my balance sheet to reconcile in TurboTax after entering the data from my RECONCILED balance sheet in QuickBooks. The only way I could get it to balance in TurboTax was to enter incorrect information in one of the cells. Unacceptable Intuit! This is obviously a problem that needs to be resolved by turning off the rounding; especially for the balance sheet reconciliation. The two Intuit programs should at least match by working the same way shouldn't they!?!

NoBoostMcGee

This is still a problem in 2021!!!

@IntuitAustin why is this bug still present after 2 whole years??

Daisy3363

The only way to save your sanity is rounding up or down at data entry. If bottom-line AGI does not exactly match the IRS, same response will be "good enough for government". No one at the IRS will be concerned of petty differences caused by rounding. Every government financial statement will say footnote "due to rounding error".

S0S

NO! TurboTax automatically rounds off my Estimated Tax entries, and the IRS doesn't . This triggers an IRS letter, stating "We changed your (year)1040 form to match our record of your estimated tax payments, credits applied from another tax year, and/or payments received with an extension to file. As a result we adjusted your estimated tax total."

If you don't contact them by (Date), they'll proceed as if you agree with the information on your notice.

If you agree with the changes they made:
You don't need to do anything.

If you don't agree with the changes they made:"
Call (phone number) using "your caller ID" provided on the top of page one to review your account with a representative. Be sure to have your account information available when you call, or you can contact them by mail. If they don't hear from you they'll assume you agree with the information on your notice.

The only solution I see is to pay your estimated taxes in rounded-off numbers, use the IRS free federal filing www.freetaxusa.com, or find another tax service that doesn't round off your numbers. Intuit isn't going to fix anything, unless it costs them money!

beyondthebox

Why hasn't intuit stopped rounding in Turbo tax?

NM1

Note to Intuit readers: this thread contains two problems, so, for clarity:

1. TT rounds amounts on worksheets and other forms *before* doing arithmetic on them. This is contrary to instructions from the IRS, which say *not* to do rounding during data entry for calculations, only on the result. They require this for exactly the reason that has bitten some of the forum commenters due to rounding the initial numbers, i.e. that it breaks the calculation. This is a bug that still needs to be fixed.

2. Whether to round amounts ever is something the IRS has flexibility on. The failure of TurboTax to provide behavior consistent with what the IRS accepts is clearly causing problems for customers, so TT should likewise not round everything unless requested to - and *never* during calculations.

There are numerous forum discussions on this subject full of customers pointing to the IRS instructions. (e.g. for the 2023 tax year (current tax prep season), see https://www.irs.gov/instructions/i1040gi#en_US_2023_publink24811vd0e4579 )