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posted May 18, 2025 12:42:12 PM

my form k-1 does not reflect what was removed before payment. how does this get reflected on my taxes?

The k-1 form is inaccurate. It does NOT show the money removed by VOYA before distribution was made. This exaggerated what IRS thought was owed them. please help, thank you.

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1 Replies
Level 15
May 18, 2025 12:46:11 PM

Did you ask VOYA about it?   What payment was removed?  Did you pay estimated taxes or had some withholding on it?

 

Don't know if this will be the right place for a K-1 but...

Enter withholding on forms (like a 1099B) other than a W2 or 1099R under

Federal Taxes (or Personal for H&B)

Deductions and Credits

Then scroll way down to Estimates and Other Taxes Paid

Other Income Taxes - Click the Start or Update button

 

Next page scroll down to bottom section Other Income Taxes Paid

Click Start or Update by Withholding not already entered on a W-2 or 1099