- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
@Found now wrote:I received some money out of my IRA ACCOUNT but thay took out the intrest.
I don't understand. You mean they took out tax withholding? You need to enter the 1099R. And the extra IRA income can make some of your Social Security taxable.
Enter a 1099R under
Federal Taxes Tab or Personal (Home & Business)
Wages & Income at the top
Then scroll way down to Retirement Plans and Social Security,
Then IRA, 401(k), Pension Plans (1099R) - click Start or Revisit
There are 4 boxes. Be sure to pick the right box for the kind of 1099R you got.
If you are filing a Joint return be sure to pick which person it is for.
ā€ˇFebruary 22, 2022
10:01 AM