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Retirement tax questions
You will enter the tax withheld from the retirement fund distribution when you enter the 1099R. You do not go anywhere else in your tax return to enter that as an estimated payment. If you try to do that you will be entering it twice.
You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks. When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld. You might owe more or you might get a refund.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 21, 2025
10:05 AM
3,697 Views