- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
K1 and 1099R
I recieved a 1099R for a distribution for a trust and a K1 for that same distribution. When I enter both forms, it counts the income twice and doubles my tax. On the 1099R it shows I paid the Federal tax. But when I enter the K1, Box 13 (code B) I enter the tax I paid and Turbo Tax doesn't reduce my tax burden.
‎April 6, 2025
11:58 AM