jewelscrzy
Returning Member

Retirement tax questions

Thank you!

It's weird though because just to see what would happen I took out the tax withheld amount on 1099 r and my refund went up, I would think it would of gone down since that's less tax I paid?  Since this is through the care act do you know if I should pay 10 or 20% tax on the amount taken. 

Also I checked the box to have all the tax taken out in 2020 and my tax refund amount went down.

Then I redid it and did not check the box thinking they would give me option how I wanted to claim the payment over 3 years but it didn't.  All it did when I unmarked that box was make my refund like triple.  Any idea how I can break up the amount over the 3 years they say you can?

Thanks and let me know.