@schuckb wrote:
Sorry to jump in, but I had an RMD on a small account and the distribution was $115.67. I asked Vanguard to withhold the entire amount as a NY State tax deduction.
Now I can not E-File because box 14 (State Tax withheld) EQUALS box 1 and box 16 (State distribution). I did not have to withhold the entire amount when I did the transaction; I could have done this in many other ways, but I had my reason for preferring this. Why (rhetorically) is this a problem??? There is nothing untoward about sending the entire deduction to the state, and Vanguard allowed it.
I tried deleting and manually reentering. I tried updating TT (again). I am still stuck in the loop.
Anyway, I am guessing (because I am getting refunds and not required to pay) that maybe I will have to ask for an extension and sort this out tomorrow. Woof.
Any suggestions. Thanks in advance
Box 14 is the same as box 1??? You need to contact the 1099-R issuer for a corrected 1099-R since that is obviously incorrect.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
