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Quick Employer Forms 1099 DIV Error

Forum|Forum|4 years ago
January 19, 2022
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I am trying to process 1099 DIV forms through Quick Employer Forms and keep receiving the following error:

We're almost done with this form. Error check found the following:

Form 1099-DIV Worksheet : Total dividends must be greater than or equal to the sum of box 1b, 2e, and 6.

Box 1a and 1b are the same $$ amounts. Therefore, the sum of box 1b is equal to box 1a (total dividends). The only way I can get the error to go away is to delete the cents and round the figures to equal whole dollars. I do not want to do that. I want to report exact dollars and cents.

Is there a way to correct this or am I missing something?

Thank you

TurboTax Business Windows

Best answer by DaveF1006

Turbo Tax does not accept dollars and cents because the IRS requires that numbers are rounded to the nearest dollar on any of their documents. Please review this Turbo Tax link for more details.

[ Edited 01/19/22|06:12 PM PST]

@MMack

DaveF1006Answer

Turbo Tax does not accept dollars and cents because the IRS requires that numbers are rounded to the nearest dollar on any of their documents. Please review this Turbo Tax link for more details.

[ Edited 01/19/22|06:12 PM PST]

@MMack

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VolvoGirl

Employee

@DaveF1006 Yes you can prepare 1099 INT and 1099 DIV in Quick employer forms. You just can't using the built in W2/1099 Reporter in the Desktop programs. You have to use QEF. See the QEF FAQs first question,

https://quickemployerforms.intuit.com/faq.htm