How does the FIT reported on the 1099 get relieved? Do I override? Seems as if there should be a way of the program removing it when ALL the IRA distribution was returned.
If I put zero in tax withheld, it will not agree to the 1099R that was sent to the taxpayer. Must I request a corrected 1099R? I think others must have had this issue and Pro Series has incorporate...
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If I put zero in tax withheld, it will not agree to the 1099R that was sent to the taxpayer. Must I request a corrected 1099R? I think others must have had this issue and Pro Series has incorporated it in the software. I cannot find the work-a-round. Any other findings or suggestions.
My client received a 20201099R showing an IRA distribution with FIT withheld; then she returned the entire distribution and made a QCD of $1500. How do I enter this information in PRO SERIES? I h...
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My client received a 20201099R showing an IRA distribution with FIT withheld; then she returned the entire distribution and made a QCD of $1500. How do I enter this information in PRO SERIES? I have entered the 1099R from the form, shown the QCD, but don't see where to enter the return of the entire amount, including withholding.