- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hi LuvMyBugs
You will receive a 1099-R with the distribution in Jan 2023. As far the tax calculation, turbo tax can calculate all the income. Based upon your information, you are providing just the 401k. If there are other income to report then the total income will need to be reported. Fyi, 20% is the IRS default for all tax withholding from 401k accounts. This link below called taxcaster can provide an estimator of refund or balance due for 2022. Hope this helps. Happy holidays.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎November 16, 2022
11:58 AM