Took early withdrawal from non qualified annuity paid service fee also paid 10% early withdrawal and any taxes on the earnings the withdrawal was 52000 I net 42000 after fees and taxes
My 1099 is wrong reported to my financial institute they said will correct
Without corrected form how do I do my taxes
The 1099 is as follow
Box 1 gross 42000
Box 2a blank
Box 2b checked tax not determined
Box 7 codes D and 1
When I enter info into turbo tax I getting hit with taxes plus 10% fee again thanks
You'll need to sign in or create an account to connect with an expert.
wait for the corrected form.
You should get it by April 15.
OR
file a request for extension.
Thanks
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.
mdmaypa
Returning Member
ddmiller1996
New Member
Meesha01
Level 1
tax124
New Member
ddaulong
New Member