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O
omniologist1
May 18, 2025
Question

my form k-1 does not reflect what was removed before payment. how does this get reflected on my taxes?

  • May 18, 2025
  • 1 reply
  • 0 views
The k-1 form is inaccurate. It does NOT show the money removed by VOYA before distribution was made. This exaggerated what IRS thought was owed them. please help, thank you.

    1 reply

    VolvoGirl
    VolvoGirl
    May 18, 2025

    Did you ask VOYA about it?   What payment was removed?  Did you pay estimated taxes or had some withholding on it?

     

    Don't know if this will be the right place for a K-1 but...

    Enter withholding on forms (like a 1099B) other than a W2 or 1099R under

    Federal Taxes (or Personal for H&B)

    Deductions and Credits

    Then scroll way down to Estimates and Other Taxes Paid

    Other Income Taxes - Click the Start or Update button

     

    Next page scroll down to bottom section Other Income Taxes Paid

    Click Start or Update by Withholding not already entered on a W-2 or 1099

     

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