@RChisholm wrote:
2020 return. I reported all the distribution and federal tax withheld, but put back the entire amount as a rollover. The entire amount INCLUDED the federal tax withheld. So, I paid the tax, PLUS returned the tax via other funds back into the IRA, in 2020.
The tax withheld should have been in box 4 on the 1099-R. That would add that amount to "Taxes paid" that would offset your 2020 tax liability or add to your refund. You do not loose the money. Look at your 2020 1040 form line 25b to see it.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
