oxyjock
Returning Member

Retirement tax questions

I received  $10,000 from my IRA. That's what I received into my bank account. A total of $11,627.91 was taken from my IRA. On the form 1099R that I got in the mail has $11,627.91 in box 1 and $11,627.91 in box 2. Box 4,federal tax, says $1,162.79 and box 14 says 465.12. $1,162.79 + $465.12 = $1,627.91. $11,627.91 - $1,627.91 = $10,000. So, is the number in box 2 actually in error and should be the $10,000 that I actually received?