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March 3, 2025
Question

E-Trade 1099-B has a section called Noncovered Securities with Undetermined Holding Period with Box 4 w/ amount of federal income tax withheld. Where can I deduct this?

  • March 3, 2025
  • 1 reply
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My former employer paid us with e-trade stock in 2020. Last year they merged with a European company. I did nothing but now I'm stuck with a complex 1099. I entered the 1099-DIV, 1099-INT, and line by line all of the 1099-B short and long term covered sales. What do I do with this other federal tax that was withheld? I can't tell where to enter it. thank you

    1 reply

    March 3, 2025

    In TurboTax Online, Federal withholding tax not already entered on a W-2 or 1099 may be entered as follows:

     

    • Down the left side of the screen, click Federal.
    • Down the left side of the screen, click Deductions & Credits.
    • Click the down arrow to the right of Estimates and Other Taxes Paid.
    • Click the down arrow to the right of Income Taxes Paid.
    • Click the down arrow to the right of Other Income Taxes Paid.
    • Click to the right of Withholding not already entered on a W-2 or 1099.
    • Click Yes.

     

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