Retirement tax questions

Yes it is taxable.   You are not subject to the 10% early withdrawal penalty since you were older than 59 1/2, but a distribution from a retirement account is taxable.  You will receive a 1099R for the money you took out.

 

To enter your retirement income, Go to  Federal> Wages and Income>Retirement Plans and Social Security>IRA  401 k) Pension Plan Withdrawals to enter your 1099R.

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