Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
Burt38
Returning Member

1099-R notes final distribution of dissolved REIT. Fed/state taxes withheld on 1099. Should withheld taxes also be entered on Capital gains/loss worksheet?

1099-R is reporting final disbursement of funds in REIT. That final disbursement represents major loss from initial value of REIT. 

4 Replies
Critter
Level 15

1099-R notes final distribution of dissolved REIT. Fed/state taxes withheld on 1099. Should withheld taxes also be entered on Capital gains/loss worksheet?

Should withheld taxes also be entered on Capital gains/loss worksheet?

NO ... and the loss in the investment is not reported on a Sch D if it was inside a retirement account.
Burt38
Returning Member

1099-R notes final distribution of dissolved REIT. Fed/state taxes withheld on 1099. Should withheld taxes also be entered on Capital gains/loss worksheet?

TurboTax Schedule D is generated and cannot be deleted?
Critter
Level 15

1099-R notes final distribution of dissolved REIT. Fed/state taxes withheld on 1099. Should withheld taxes also be entered on Capital gains/loss worksheet?

Remove the sale to remove the form.
Critter
Level 15

1099-R notes final distribution of dissolved REIT. Fed/state taxes withheld on 1099. Should withheld taxes also be entered on Capital gains/loss worksheet?

Switch to the FORMS mode and delete the sale.
Dynamic AdsDynamic Ads
Privacy Settings
v