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February 20, 2025
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I never got the chance to enter a federal tax withholding from my 1099-B. "Income Tax Withholding - Gross Proceeds".What was withheld should be returned to me.

  • February 20, 2025
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    Best answer by ThomasM125

    When you enter your investment sale, there is a box that says I have more info to enter that I don't see. When you click on that box, you will see where you can enter your tax withheld. If you already filed your tax return, it is likely the IRS will refund the withholding as they have a record of it and will normally return any excess not reported on your tax return when they process it. If not, you can file an amended return to get the excess taxes refunded.

     

    1 reply

    February 20, 2025

    When you enter your investment sale, there is a box that says I have more info to enter that I don't see. When you click on that box, you will see where you can enter your tax withheld. If you already filed your tax return, it is likely the IRS will refund the withholding as they have a record of it and will normally return any excess not reported on your tax return when they process it. If not, you can file an amended return to get the excess taxes refunded.

     

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    February 24, 2025

    Your post was super helpful! Thank you! I ended up having to submit an amended return to capture this additional line, because their acknowledgment of my return (of course) didn't acknowledge that they took 4k from me.