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dmufeed2
Level 4
February 1, 2022
Question

Lacerte 2021

  • February 1, 2022
  • 2 replies
  • 0 views

How to not make lacerte round entries to the nearest 10th. Whenever i input w2 for example 15361.78 it makes it 15362

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2 replies

George4Tacks
George4Tacks
Level 15
February 1, 2022

Lacerte does what IRS does. $0.50 or less rounds down. More than that rounds up. 

Even TurboTax does it, so it must be right! https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/i-have-put-income-with-decimals-yet-all-turbotax-documents-came-out-without-any-decimals-why/00/175770

Look at the tax tables. What are the increments there? How often do those expensive to make pennies ever impact the bottom line on a tax return. 

SHORT ANSWER - You can't make the program do what you want. 

Answers are easy. Questions are hard!
    Accountant-Man
    Accountant-Man
    Level 13
    February 1, 2022

    I saw your questions(twice) and I was confused. It rounds to the dollar, not the tenth of dollar.

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