Professional Tax Software 2008
November 19th, 2008
Question: Any tax professionals out there?
We took a 401k distribution during 2008. I am completing our taxes, and the 1099-R has a dollar amount in Box 10 for State Tax with held. Box 12 is empty. The software program I am using keeps telling me that Box 12 has to be at least the same as box 10 before I can continue. What should I do?
Answer: The 1099R box 12 is for state distribution. If there is a dollar amount in box 10-state tax withheld, there must be an amount in box 12.
I suggest that you look in your state income tax booklet and see how to compute this. Or call your state tax department. It may be just the distribution minus the federal tax, or something else.
(I am not a tax professional. I have a CPA do my taxes every year, and he is worth every dollar I pay him.)
Regards,
Dan
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