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Retirement tax questions
The withdrawal from the IRA and the Form 1099-R is entered as received. If there was federal taxes withheld on the 1099-R in box 4 of the form, those taxes are entered on your federal tax return as a tax payment.
The gross amount and the taxable amount of the distribution are entered on Form 1040 Line 4a and Line 4b.
Make sure that you check the box on the TurboTax Form 1099-R for IRA/SEP/SIMPLE.
‎February 27, 2022
1:33 PM