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tscott
Level 5
February 9, 2024
Question

Return of Capital Taxable in 2023 1099R

  • February 9, 2024
  • 4 replies
  • 15 views

1099R distribution Code 8 -Return of Capital Taxable in 2023

Gross Distribution 5,000

Taxable Distribution - 5,000

 

Why does the program exempt it from tax?

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4 replies

rbynaker
rbynaker
Level 13
February 9, 2024
@tscott wrote:

1099R distribution Code 8 -Return of Capital Taxable in 2023

Gross Distribution 5,000

Taxable Distribution - 5,000

 

Why does the program exempt it from tax?

Are you sure it's not hiding in Wages?

    ljr
    ljr
    Level 9
    February 9, 2024

    check line 1 wages 

      T
      Terry53029Intuit Community Champion
      Intuit Community Champion
      February 9, 2024

      It should show up on 1040 line 1H other income

        Accountant-Man
        Accountant-Man
        Level 13
        February 10, 2024

        Form 8606 - return of non-deductible contributions?

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