Yes, you do not enter the tax withheld when you enter the Form 1099-R on your 2023 return. The taxes withheld in 2024 will have to be applied to 2024 when you enter the 2024 Form 1099-R with codes P and 1 on your 2024 return. TurboTax will ignore the income for 2024 because of the code P.
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