If you take money out of your retirement account, you pay tax on that money. What you do with it is irrelevant. And if you are under the age of 59 1/2, you will pay a 10% early withdrawal penalty. If you take the money out in 2023, then in January or early to mid February you will receive a 1099R that must be entered on your tax return.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
