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Retirement tax questions
Two steps, enter it as income and then subtract it back out.
Step 1 To enter it as income:
You can enter it as other income. Follow these steps:
- Log into your return
- Federal
- Click on Income
- Scroll to the bottom section, Less Common Income
- Select Miscellaneous income, 1099-A, 1099-C, start
- Select Other Income
- Did you receive other wages? Yes
- Continue
- Household employee? Continue
- Sick or disability pay? Continue
- Any other earned income or wages? Yes
- Enter source of Other Earned Income
- Select Other
- Continue
- Enter description 1099MISC box 3
- Enter amount
Step 2 remove it from income
Go through all the same steps but changes at:
- description exempt income and state ruling
- amount enter negative amount
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May 16, 2021
1:51 PM