Ask Experts Questions for FREE Help!
 
Free Answers in 3 Easy Steps

Register Now		 3 Steps
 
Ask QuestionsprogressAnswer QuestionsprogressBuild ReputationprogressBecome an Expert
 
At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to:
  • Get free answers from experts in any of our 300+ topics.
  • Accept money for answers that you provide.
  • Communicate privately with other members (PM).
  • See fewer ads.
  Answer this Question    Ask about Taxes    Ask about another Subject  
 
PDA

patposs
Mar 13, 2007, 09:58 AM
My sister and I inherited some money from my dad's annuity. The firm took out taxes before paying us. How do I report this income. The total amount or the amount less taxes already paid? Where on form 1040 do I put the taxes already paid?
AtlantaTaxExpert
Mar 16, 2007, 10:54 AM
Report the entire amount of the distribution.

Add the withheld taxes to the withholding listed on Line #64 of Form 1040.