Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted May 3, 2023 10:32:49 PM

My 1095-INT Box 4 is not empty -- does this mean I'm subject to backup withholding?

As the title says, I noticed that my 1095-INT Box 4 is not empty, does this mean I'm subject to backup withholding? I don't recall that I received any notice from the IRS.

0 1 221
1 Replies
Level 15
May 3, 2023 11:41:43 PM

Box 4. Federal Income Tax Withheld
Enter backup withholding. For example, if a recipient does not
furnish its TIN to you in the manner required, you must backup
withhold on payments required to be reported in box 1 (which
may be reduced by the amount reported in box 2), box 3, and
box 8 on this form.

 

first contact the institution to find out the reason. if you failed to provide an ID # ask for instructions. if they say they were informed by the iRS you'll have to contact it for the reason