2023年3月7日 · The $$ in box 3 still end up adding into line 2b of the form 1040, along with any box 1 $$ from other 1099-INT forms.....they just don't get added to (or are subtracted from) State income. _____ (If you are using desktop software, and edit that box 3 $$ to add $1000, you'll see the Federal refund drop (or taxes owed jump up).

2019年6月1日 · Truthfully, the Box 3 entry field only exists to "match" the boxes that a taxpayer has on their own 1099-DIV document. By having an entry field there it not only reassures customers that the software is accurately capturing all of their tax information, but it helps avoid data entry mistakes (improves accuracy) by not asking people to "skip" a ...

2022年1月16日 · A company damaged my car with their machinery in 2021. They gave me a check for the exact amount it cost to fix my car and rent a vehicle while the car was in the shop. The full amount given to me was $2477.49. The company that caused damages to my car told me I would not have to pay taxes on this m...

2020年3月18日 · Great job answering this question. I love the easy-to-read, outlined instructions to do this. I received an amount of $2.70 that came as "other income" reported on box 3 of a 1099. After reading your post I found that TurboTax imported it correctly into the Other income section before I entered it erroneously a "business income."

2019年6月6日 · See below for where to enter this Box 3 Interest in the TurboTax software. Log into your account, click orange Take me to my return button; Type 1099-INT in the Search box in top right; Select jump to 1099-INT and it will take you right to section to enter this; Select Yes on page where it asks Did you receive any interest income?

2019年5月31日 · Box 3 is for your information. Box 3 is a "return of capital". That is, you have been given back part of your original investment. As such, you reduce your cost basis, by the box 3 amount, in your own records, for when this investment …

2025年1月26日 · The Form SSA-1099 should show a total amount in box 5, and then the amount that is designated for each year in box 3. Worksheet 4 is included after Worksheet 2 is completed for each year. Be sure to select "lump-sum" method of reporting in this situation which is all done on the tax return for the year of receipt of the benefits.

2019年6月6日 · If the 1099-Misc shows the amount in box 3 - it is reportable as "other income" on line 21, page 1 of your 1040. The description may be "Reimbursed Expenses" or something similar. You will want to add a second entry with same payer and and the description "Actual Expenses" with a negative number to zero out the 1099-MISC.

2021年2月2日 · The amounts in box 1 and box 3 of your W-2 will be different if you had a pre-tax deduction. Some pre-tax deductions reduce your taxable income (box 1) and your social security income (box 3). Other pre-tax deductions only reduce your taxable income (box 1).

2023年2月13日 · Box 3: $272.91 (Capital Gains) Box 4: $587 (Fed W/H) Box 5: $644.30 (employee contrib/design roth/Insurance. Box 7: 4A . Nothing appears on the Capital Gains on Form 1040 and nothing indicates if I qualify for the 10 year tax option. Do I have to manually enter box 3 $273.00 Capital Gains on Schedule D, if so which line would I transfer this ...