- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.
Topics:
4 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Email to a Friend
- Report Inappropriate Content
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.