64979
You'll need to sign in or create an account to connect with an expert.
Assuming the taxes you paid are income taxes withheld from the proceeds, you will get a 1099-R tax from from the payer around the end of January and it will show both the gross proceeds and the amount of taxes withheld. When you enter this into Turbotax, it will figure the tax on that income and will give you credit for the money already withheld.
Assuming the taxes you paid are income taxes withheld from the proceeds, you will get a 1099-R tax from from the payer around the end of January and it will show both the gross proceeds and the amount of taxes withheld. When you enter this into Turbotax, it will figure the tax on that income and will give you credit for the money already withheld.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17554733324
New Member
tmallory3737
New Member
sseger03
New Member
Eddy-perez97
New Member
jrphillips28
New Member