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Retirement tax questions
No. The withholding is for federal taxes withheld from your distribution, just like taxes withheld on a W-2. Those taxes withheld on the Form 1099-R box 4 flow to the federal tax return, Form 1040 Line 25b as a tax payment.
The 10% early distribution penalty is assessed on the federal tax return as a tax liability.
March 22, 2025
6:01 AM