How do I a record the Fed Tax Withholding ?

LaLilliput

I am converting a traditional IRA to Roth

Sherlock

LaLilliput said:

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

Thank you. I figured it out and did exactly that.

LaLilliput

i made a payment to pay Fed and State Tax but want to record the payment correctly

LaLilliput

Never mind... Light bulb came on and I answered my own question

Sherlock

LaLilliput said:

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

Thank you. I figured it out and did exactly that.