Hi,
I am now filing my taxes and I have done the 'other taxable income' and put in the gross distribution from my deceased mothers' 1099-R. However, turbo tax doesn't seem to allow me to enter in the federal income tax withheld causing me to overpay in taxes, how am I supposed to determine the income I should owe?
the 1099-R shows:
box 1 of 2767.70
box 2a of 2767.70
box 4 of 233.10 (federal income tax withheld)
box 7 distribution code of 3
If taxes have already been withheld, I would assume I should be able show those taxes have already been paid?
The money went into a checking account that was then split by my brother and I, would we each just claim 1\2 of the money deposited into the checking account? (2767.7-233.1) = 2534.6 / 2, meaning we each claim an additional 1267.3 in income?
