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Get your taxes done using TurboTax
Thank you very much for the detailed response. It is very helpful.
I think these instructions for turbotax online might differ slightly from the version I’m using (home and business Mac download), but I can follow it for the most part.
I didn’t get asked the question in step 15, so I hope that it isn’t important.
For Box 2a Taxable Amount, which I think is the same as net income attributable, my value is negative because I lost a ton of money last year unfortunately. I just want to confirm that this is possible.
Lastly, if for any reason the 1099-R I get later from my brokerage doesn’t match what I’ve input in this year’s filing, will I have to amend this year’s tax return, even if I dont have any taxable distribution since I lost money?
Thank you!