Employee Tax Expert
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Enrolled Agent
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Yes. You need to make sure you pay yourself a "reasonable wage" while taking the rest; or some of your other income as distributions of profit.
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Box 16 of your 1099-R will show the distribution amount for the state, if any. Here are some links that may be helpful for you when reporting the distributions ...
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The expected date that the 2025 amended return will be available is March 4, 2026. See the following link to view the Forms availability page for TurboTax; Turb...
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Follow the following steps to make sure you answered the foreign account question correctly: Go to Other Tax situations Go to Other Tax forms Select Prepar...
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