Rounding Off to Whole Dollars

The REIT may enter decimal points and cents when completing its return. However, the REIT should round off cents to whole dollars on its return, forms, and schedules to make completing its return easier. The REIT must either round off all amounts on its return to whole dollars, or use cents for all amounts. To round, drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar. For example, $8.40 rounds to $8 and $8.50 rounds to $9.

If two or more amounts must be added to figure the amount to enter on a line, include cents when adding the amounts and round off only the total.