You'll need to sign in or create an account to connect with an expert.
You reported this incorrectly by putting it under miscellaneous income. The payer will send you a Form 1099-R for this by the end of January which you must enter into TurboTax. The taxable amount shown in box 2a must appear on Form 1040 line 16b or Form 1040A line 12b, and the tax withholding shown in box 4 will be combined with your other tax withholding and credited toward your overall tax liability.
If you have already submitted your 2016 tax return, you'll need to wait until either your submission is rejected, in which case you'll be able to make the change before resubmitting, or your submission is accepted and your original tax return is fully processed, in which case you must amend your filed tax return.
To amend:
https://ttlc.intuit.com/replies/3288565
You reported this incorrectly by putting it under miscellaneous income. The payer will send you a Form 1099-R for this by the end of January which you must enter into TurboTax. The taxable amount shown in box 2a must appear on Form 1040 line 16b or Form 1040A line 12b, and the tax withholding shown in box 4 will be combined with your other tax withholding and credited toward your overall tax liability.
If you have already submitted your 2016 tax return, you'll need to wait until either your submission is rejected, in which case you'll be able to make the change before resubmitting, or your submission is accepted and your original tax return is fully processed, in which case you must amend your filed tax return.
To amend:
https://ttlc.intuit.com/replies/3288565
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
AndyTTT
Returning Member
NewTaxResident
Level 2
don321
Returning Member
nbtax01
Level 1
grambo112233
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.