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Deductions & credits
I think you meant to say that $100, not $1,000, was withheld for tax withholding. This is simply a down payment toward your tax liability and, although the payer calculated it from the gross-distribution amount, does not apply to any particular item of income on your tax return. It is credited to you on Form 1040 line 25b.
‎January 26, 2025
5:25 AM