KarenL4
Employee Tax Expert

Get your taxes done using TurboTax

Hi, and congratulations on reaching the point where you can start using some of your hard-earned retirement funds!  You will get a Form 1099-R from the plan administrator (sent out on or before 1/31/2023).  TurboTax will make it super easy for you to enter that information. This article explains exactly what you need to know about how to do that.

You did not mention what state you live in, but you did say you did not have state taxes withheld.  If you live in a state with income taxes, you may wish to consider making an estimated tax payment to your state.  To figure out how to do that, you can search for "estimated taxes" and the name of the state where you live.  I recommend you select the government site at that point. You could also post another question with more information and we can do our best to help!

Cheer below if this was helpful!

Best,

Karen

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