Locopoco
New Member

Retirement tax questions

My problem was resolved when my 1099 showed taxable amount undetermined. The amount overdrawn was put back into my retirement account, the tax was paid, but I got it back when I filed. Once you enter your 1099 it into Turbo tax, the program will lead you through the process by asking you questions which are easy to answer and the form that you must fill out is there also. One question you are asked is, did you ask for a corrected 1099. I answered yes, however my broker does not do corrected copies. Be sure you know your correct RMD and amount taken and the correct amount of taxes due and paid. I filed and the IRS accepted it.