You have done this correctly by entering the tax withheld in box 4 of your form 1099-R.
As you are younger than 59 1/2, you will pay a 10% early withdrawal penalty, which will be calculated by TurboTax.
Tax withheld is just an estimated advance payment of your taxes. The final tax amount can only be determined when you fill out your tax return. The taxes withheld serve as a credit against your tax liability. If too much tax was withheld, you'll receive a refund; otherwise, there'll be a tax due.
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