dmertz
Level 15

Retirement tax questions

The tax withholding will be credited on your 2021 tax return even though the income is taxable on your 2020 tax return.  That's why it makes sense to decline tax withholding on such a return of contribution.

 

You'll need to enter the code JP 2021 Form 1099-R into both 2020 and 2021 TurboTax.