Yes, it’s fine. No need to worry over your $3.
The IRS systems are 50 years old. Assembly language and COBOL. The dropping of cents is by design. They allow $1 rounding for each information report (1099, W-2 etc.). If you have 22 different documents, your total income could be off by $22 or anywhere in between $1 and $22. The computer won’t care. They use and see the same transcript you see. So if the transcript shows $1234 and you report $1235 it is considered a “dollar match”.
The IRS systems are 50 years old. Assembly language and COBOL. The dropping of cents is by design. They allow $1 rounding for each information report (1099, W-2 etc.). If you have 22 different documents, your total income could be off by $22 or anywhere in between $1 and $22. The computer won’t care. They use and see the same transcript you see. So if the transcript shows $1234 and you report $1235 it is considered a “dollar match”.
Statistics: Posted by Asyouwish — Mon Sep 02, 2024 8:07 pm