Question

When entering the information from my 1099-R, I am receiving an error message because the gross distribution for box 1 is less than $1. How should I proceed?

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Employee

If the gross distribution was less than 50 cents, omit the Form 1099-R from your tax return since amounts less than 50 cents round to $0.

Thank you for this information. The amount is .$91. In this case, should I round up to $1.00?

Employee

Entering $1 is probably a reasonable alternative, but simply omitting the Form 1099-R would likely be ignored by the IRS as a de minimis error.

It depends how much less. If it is less than $.50, you would round down to zero and not include it. If it is more than $.50, round up to $1.

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