dmertz
Level 15

Retirement tax questions

You aren't being doubly taxed on the same money.  That actual amount of tax due as a result of your distribution is not known until you prepare your tax return.  The taxes withheld from the distribution, reported in box 4 of your Form 1099-R, are combined with any other tax withholding from other sources and credited toward the overall tax liability calculated on your tax return.

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