MinhT1
Expert Alumni

Get your taxes done using TurboTax

This tax payment is tax withheld, which is just an estimated advance payment of your taxes. The final tax amount can only be determined when you fill out your tax return. The taxes withheld serve as a credit against your tax liability. If too much tax was withheld, you'll receive a refund; otherwise, there'll be a tax due.

 

You have to enter that form 1099-R on your tax return.

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