Solved: Why is there no box to check off if taxes were alr...
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58193tx
Level 1

Why is there no box to check off if taxes were already taken out for a 1099-R

What happens if taxes were already taken out for a life insurance policy? Do we still have to claim this on our 1099-R?
1 Best answer

Accepted Solutions
Critter-3
Level 15

Why is there no box to check off if taxes were already taken out for a 1099-R

4 Replies
DoninGA
Level 15

Why is there no box to check off if taxes were already taken out for a 1099-R

Does not your Form 1099-R have the amount of the federal taxes withheld entered in box 4 of the form?

Critter-3
Level 15

Why is there no box to check off if taxes were already taken out for a 1099-R

As mentioned in your other threads ALL 1099-R forms MUST be entered in the program exactly as as printed or you risk getting a nasty IRS letter. 

58193tx
Level 1

Why is there no box to check off if taxes were already taken out for a 1099-R

yes

 

Critter-3
Level 15

Why is there no box to check off if taxes were already taken out for a 1099-R

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