I used part of my Traditional IRA. Received my 1099R which had Federal Income tax withheld as I requested. Then while answering the questions using Turbo Tax it asked the value of my Traditional IRA at which time Federal Refund Reduced a very significant amount. Is going to happen each year until the Traditional IRA is gone or is this a time entry or did I do something wrong. Seems I am being taxed twice on this with the amount withheld plus on the value of the IRA.
