Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-26-2015, 09:11 PM
Junior Member
 
Join Date: Mar 2015
Posts: 2
1099-r

My husband got a 1099-R for his 401k withdrawal however it included his loan draw from that which was used to buy first home purchase. The 1099 listed this amount in the taxable amount! I know I can do another form to show this amount was an exception however do I also subtract this amount when entering on the taxable amount? If I do that it gives us back almost $700 more but if not only about $200 by just using the exception tax schedule.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.