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Retirement tax questions
Correct. On a Form 1041, distributions reported on a Form1099-R, which are treated as ordinary income, would be entered on Line 8 of the 1041. Any federal income taxes withheld would be reported on Line 14 of the 1041 and a copy of the Form 1099-R is required to be attached.
According to the TurboTax website for the Business Edition, a Form 1099-R is not one of the forms supported.
https://turbotax.intuit.com/small-business-taxes/cd-download/#tax-forms
‎July 15, 2024
7:00 AM