1099-R in-puts

Forum|Forum|1 year ago
July 15, 2024
1 reply
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Using Business Turbo Tax. I am inputting 1099-R income and cannot find a place to input Federal and State Income tax withholdings. Looking at the worksheets there is no where to input Fed and State tax withholdings.

How do I do this?

TurboTax Business Windows

DoninGA

Employee

A form 1099-R is not entered on a Business tax return. 1065, 1120 or a 1120-S It is only entered on a personal tax return, form 1040.

dmertz

Employee

@DoninGA , perhaps this is in regard to preparing a Form 1041.

DoninGA

Employee

Correct. On a Form 1041, distributions reported on a Form1099-R, which are treated as ordinary income, would be entered on Line 8 of the 1041. Any federal income taxes withheld would be reported on Line 14 of the 1041 and a copy of the Form 1099-R is required to be attached.

According to the TurboTax website for the Business Edition, a Form 1099-R is not one of the forms supported.

https://turbotax.intuit.com/small-business-taxes/cd-download/#tax-forms