Ask Experts Questions for FREE Help !
Ask
    lxmarqu1's Avatar
    lxmarqu1 Posts: 2, Reputation: 1
    New Member
     
    #1

    Jan 26, 2009, 05:15 PM
    Gross distribution
    In a 1040 ez form where do I enter my Gross Distribution amount? This does not go totaled in with the wages, salry, tips etc.? I was give a lump sum payment back in August 08 and the Fed's took their cut, but now I have to send the State theirs and am not sure where to put GROSS DISTRIBUTION on my federal 10401 ez form

    Thanks

    Lawrence J. Marquez:confused:
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Jan 27, 2009, 02:51 PM
    Lawrence:

    A gross distribution is normally on some form of 1099, be it 1099-INT, 1099-DIV or, most likely, 1099-R.

    You CANNOT put data from a 1099-DIV or 1099-R on a Form 1040EZ; you need at least a Form 1040A.
    lxmarqu1's Avatar
    lxmarqu1 Posts: 2, Reputation: 1
    New Member
     
    #3

    Jan 27, 2009, 06:18 PM
    Now that you have answered my question about not being able to put gross distribution on a 1040 ez, can I exclude that all together and not report it being the federal government has already taken their share? My bottom line is how do I figure out what I owe the State being I have to take an adjusted total from my federal form? I'd like to get a refund from both Fed and State


    Thanks Lawrence J Marquez:cool:
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Jan 28, 2009, 03:52 PM
    Negative. If you got a Form 1099-R or 1099-DIV, then you MUST report it somewhere on your tax return.

    Failure to do so can cause your return to be rejected.
    ManninaFamily's Avatar
    ManninaFamily Posts: 1, Reputation: 1
    New Member
     
    #5

    Feb 15, 2009, 03:43 PM

    Where do I report gross distributions on the tax form?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Mar 5, 2009, 03:56 PM
    Lines 14 or 15 of Form 1040A or Lines 15 or 16 of Form 1040.

    You CANNOT report the distributions on Form 1040EZ

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Hey oh my! This is so gross. [ 16 Answers ]

Hey guys. My teacher has been making everyone feel uncomfortable lately. (he is a male). He "checks out" and stares at all of the girls in my class like, he will look at their chest when he's talking to them and he will look at our butts its so gross. I've talked to my mom about it. She just said...

Gross Margin [ 1 Answers ]

How do I calculate how much gross margin for each moth? Sales : Jan-12000; Feb-8,000; Mar-13,000; Apr-11,000; May-9,000; June-13,500 Collection: Jan-11,000; Feb-10,000; Mar-11,500; Apr-10,500; May-10,500 June-9,500 Cost of Goods sold is always 65 percent of sales. Thank u.

1099 -R, Where to enter the gross distribution and tax withheld [ 1 Answers ]

Hi I am filing F1040 . I received 1099-R (Distribution from pensions, annuitites, retirement or profit-sharing plans, IRAs, Insurance Contracts, etc.). My question is 1) where to enter gross distribution and federal income tax withheld. Line 15a & 15b of F1040 (asks about IRA distribution)...

My cat is gross! [ 9 Answers ]

Arrgghhh! Help me! Every two days or so I find a rotten, dead, stinking animal in my bed! :eek: It is so gross! My cat must enjoy seeing me scream in horror or something. How do I stop her doing this!

Net vs. Gross a/r [ 2 Answers ]

In a company's financial statements, what is usually shown in the a/r account? Net or gross a/r? If the a/r is broken down, and a note says the company uses 2.5% allowance for bad accounts based on a/r, but no allowance account is explicitly shown, do you assume that the values you see are net, or...


View more questions Search