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Retirement tax questions
Turbotax will still tell you "because you don't qualify for an exception, you owe an additional 10%" because your actual tax is only computed on the tax form. Any withholding is only an estimate. When you enter the 1099-R, you will enter your withholding and it will be a credit against the tax you owe.
‎January 17, 2023
1:28 PM