KanM361
Expert Alumni

Get your taxes done using TurboTax

Hello,

If the bank already withheld taxes from the money you withdrew, that withheld amount will show on Form 1099R that you will receive next year for filing your taxes for 2022. Make sure you correctly enter your Form 1099R including the taxes withheld when filing your tax return to avoid paying taxes again.

Please let me know if you need any clarification on the above or have any additional questions.

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