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.

992

Level 15

Jun 3, 2019 12:15:12 PM

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.

Returning Member

Jun 3, 2019 12:15:14 PM

TurboTax Schedule D is generated and cannot be deleted?

Level 15

Jun 3, 2019 12:15:16 PM

Remove the sale to remove the form.

Level 15

Jun 3, 2019 12:15:16 PM

Switch to the FORMS mode and delete the sale.