MinhT1
Expert Alumni

Retirement tax questions

The tax you paid is Federal tax withheld.

 

The distribution amount is $50,000 and is in box 1 of form 1099-R. The tax withheld is in box 4 of form 1099-R.

 

On your form 1040, lines 4a and 4b should show $50,000. And line 25b should show $6,000.

 

You can verify this by previewing your form 1040.

 

You can preview your form 1040 by following these steps:

 

  1. In TurboTax, open your return
  2. In the left-hand column, locate Tax Tools, click on the drop-down arrow then click on Tools
  3. On the Tools Center page, click on View Tax Summary
  4. In the left-hand column, click on Preview my 1040
  5. Your form 1040 will display.
  6. Scroll down to the lines specified above  and you should see these amounts.

 

 

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