usermtoncre
Level 1
01-29-2021
10:33 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Labels
qbteachmt
Level 15
01-29-2021
02:08 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Distributions are neither deductible or nondeductible. Contributions would be deductible or nondeductible.
I think a few details on the transaction(s) would be helpful.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
usermtoncre
Level 1
01-29-2021
02:10 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
The distributions in this case are not deductible.
qbteachmt
Level 15
01-29-2021
02:57 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Distributions are not deductible. Are you trying to explain that a Nondeductible Contribution was later distributed?
Really, more details for the scenario would be helpful.
I recommend this link:
https://proconnect.intuit.com/community/forms/07?product=Lacerte%20Tax
Put
8606
into the empty search bar, to see topics, such as:
And here:
https://proconnect.intuit.com/community/view-all-articles/07?product=Lacerte%20Tax
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers