How do I enter 1099 MISC Box 4 Witholding on my 1120S.

[ddiaz113]

I received a 1099 MISC with box 4 withholding, I need to have this flowed to Box 13 as Code O on my K1 to attach to my 1040, but i can't find how to alter the K1. Would it be under additional credit form 3800? Please Help. 

[PatriciaV]

Please clarify. Have you entered all boxes from Form 1099-MISC on your 1120S return? Where did you enter the information (under which topic)? If you have entered 1099 Box 4, where is the withholding being reported now?

[ddiaz113]

Hi Patricia, thank you for responding. On Turbox Tax business, i am unable to enter Box 4. As the guidance is to enter Box 1 under Federal Tax-->Income.  Where I am struggling is how do i enter Box 4, so it flows to Line 13 on a K1 so i can reclaim the credit on my 1040. Turbox Tax Business doesn't have the option to enter a 1099 MISC similar to how TurboTax Home and Business does (or atleast i can't seem to find where). Thank You again. 

[PatriciaV · Accepted solution]

You will need to add this manually using Forms Mode, since it is not a deduction for the S-Corp.

1. Open your return in TurboTax Business and click the Forms icon in the TurboTax header. 
2. In the list of Forms in My Return on the left, find Form 1120S p3-5 and click on the form name to open it in the large window. 
3. Scroll down to Credits Line 13g.
4. On the line under "A," use the drop-down box to choose Code O (oh). The program will complete the description "Backup Withholding."
5. Enter the amount in the box to the right.
6. To check this entry, open Schedule K-1 for any partner.
7. Scroll down to Line 13 and confirm Code O and an allocated amount.
8. Click Step-by-Step in the header to return to the main screens.

[ddiaz113]

Thank you so much