MaryK4
Expert Alumni

Retirement tax questions

Your retirement plan in some cases is required to withhold from your distribution- this is indicated on your 1099-R, but the taxes and penalty are not calculated and paid until you file your tax return.  You will see the withholding included on 1040 Line 25b and it is included on your final calculation.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"