It appears that TT is taking the gross distribution as net. When I take a distribution from the inherited account I always ask for 10% or15% to be withheld as income tax. For example, if my total annual distribution were $1000, and the total amount withheld for income tax is $100, then I'd expect the 1099-R section of TT to show a gross distribution of $1000 and/or a net distribution of $900 with $100 income tax withholding/payment accounted for...somewhere. Turbo Tax is using the gross amount only, and no where to separate that into cash distribution and tax withheld and/or nowhere that shows the tax withheld amount. I've checked against my investment company records to confirm that tax was withheld and that the net distribution is significantly lower than the gross amount. TT and investment company agree on the gross amount.
Where can I see how TT accounting for the income tax withheld over the past year?
