equillen
New Member

Retirement tax questions

@DianeW777 , 

Thank you for your response. What is missing from the response is how to actually make the adjustment in Turbotax. Do I manually subtract the amount from box 1 by the amount in box 3 of the 1099-div and update the actual amount shown in the 1099-DIV to be the calculated version? Or is there another way to enter the data that shows the Box 1 amount was reduced by the Box 3 amount and the box 3 amount is reducing the basis in the investment?

What forms need to be included in the return to document how the two values are being handled?