AmyC
Expert Alumni

Retirement tax questions

It is more complicated! Follow these steps:

 

  1. Enter the information as a 1099-R to flow into the 1116. Use the worksheet, page 7, and follow the 1116 instructions.
  2. For the 1116, you must select lump-sum distributions to mark box G and skip part I. 
  3. Lump sum information is displayed, continue
  4. Country summary, leave it blank - this relates to part I, select done
  5. Taxes paid or accrued - select choice and continue
  6. Other deductions not related- enter any you might have
  7. Investment interest - any other interest expense
  8. Continue answering questions

Remove the 1099-R income by making a negative entry under other miscellaneous income.

 

@grahamcotton 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"