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1099R Federal Withholding for Cares Act

pharris878
Level 1

If a client is spreading the 1099R distribution over three years, do I also spread the federal taxes that they had withheld?

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Just-Lisa-Now-
Level 15
Level 15

Nope, plan accordingly.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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Just-Lisa-Now-
Level 15
Level 15

Nope, plan accordingly.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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qbteachmt
Level 15

Withholding is applied against what they owe for that year, the same as any other withholding (W-2 or 1099) and the same as any estimates. It's all various ways their total got paid in for the tax year you are working on.

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