Skip to main content
Level 3
March 27, 2023
Question

TAXABLE AMOUNT ON A 1099-R

  • March 27, 2023
  • 3 replies
  • 14 views

HOW DO YOU MAKE THE TAXABLE AMOUNT $0

This topic has been closed for replies.

3 replies

abctax55
Level 15
March 27, 2023

Enter a zero?

Find basis equal to the distribution?

Does the 1099-R show zero but the box "taxable amount not determined" is checked?

HumanKind... Be Both
qbteachmt
Level 15
March 28, 2023

How did you determine it is supposed to be $0?

What is this payout in regards to? From what sort of account or entity, for what reason?

Don't yell at us; we're volunteers
George4Tacks
Level 15
March 28, 2023

If you want a zero, use a negative one 

-1 = 0

0 = a blank space

Welcome to the Wonderful World of ProConnect Tax Online (and Lacerte.)

 

Answers are easy. Questions are hard!
abctax55
Level 15
March 28, 2023

George... " -1 " in ProSeries?   I thought that was a Lacerte trick.

HumanKind... Be Both