rukaimelca
Returning Member

1099-R from 401K tax confusion.

I withdrew all my money from 401K after 59 and a half years old. I paid 20% federal and 5% Nebraska state taxes already. Before I put the 1099-R 401K info, My federal refund was $1,151 and my NE refund was $324. After I put the 1099-R 401k, it changed to federal $931 and NE refund $-236. I don't understand how Nebraska taxes the 1099-R 401k and why is there a $500 difference. Is this correct or I'm I doing something wrong?

 

Just a bit more information:

 

Gross distribution => $30,387

Federal Income tax witheheld => $6.077

State tax withheld => $1,519