How do I a record the Fed Tax Withholding ?

I am converting a traditional IRA to Roth

Best Answers

  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    Accepted Answer
    i made a payment to pay Fed and State Tax but want to record the payment correctly
    I suggest using expense categories associated with the 1099-R:IRA federal tax withheld and 1099-R:IRA state tax withheld tax line items.
  • LaLilliput
    LaLilliput Member
    Accepted Answer
    Thank you. I figured it out and did exactly that.

Answers

  • LaLilliput
    LaLilliput Member
    i made a payment to pay Fed and State Tax but want to record the payment correctly
  • LaLilliput
    LaLilliput Member
    Never mind... Light bulb came on and I answered my own question
  • Sherlock
    Sherlock SuperUser ✭✭✭✭✭
    Accepted Answer
    i made a payment to pay Fed and State Tax but want to record the payment correctly
    I suggest using expense categories associated with the 1099-R:IRA federal tax withheld and 1099-R:IRA state tax withheld tax line items.
  • LaLilliput
    LaLilliput Member
    Accepted Answer
    Thank you. I figured it out and did exactly that.