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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. 

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4 Replies

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?

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.

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.

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