I have a 1099R with more federal tax withheld than the gross distribution. Is there a way to clear the error for e-filing?

Forum|Forum|4 years ago
May 17, 2022
4 replies
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ProSeries Basic

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Just-Lisa-Now-

Intuit Community Champion

They cant withhold more than the distribution...what's the situation that would allow this? maybe a corrected 1099R is in order?

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

qbteachmt

Level 15

Are you sure you are not looking at amount paid out? Maybe the withholding is more than gross taxable? Is there some sort of basis or other nontaxable component? If you list the details of amounts per box #, account type, codes, etc, that would be helpful.

Don't yell at us; we're volunteers

R

rcooley25

Level 7

I would question the mental status of those preparing the 1099R

IRonMaN

Level 15

When clients complain about the taxes they end up paying because their income was higher, I always tell them that the tax rate isn't 100 percent so they are still ahead of the game. Based on this post it looks like I will have to quit telling folks that.

Slava Ukraini!

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