What is I paid taxes on a distribution and have my 1099r NOW?

Forum|Forum|4 months ago
January 17, 2026
1 reply
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Counted as income but I am below IRS threshold to file with distribution, I should get refund on taxes paid, correct?

TurboTax Online

VolvoGirl

Level 15

You can't enter a 1099R now. It won't be ready until Jan 21. But yes if you don't owe tax on 1040 line 16 on your total income you should get a refund of the withholding. Do you have any other income?

adamsfrancineAuthor

Level 2

Thank you for responding. Yes I do have other income, those came in on Friday. I was able to finish early under duress .

Kind Regards.

Francine

VolvoGirl

Level 15

How did you finish early? You can't enter the 1099R yet. And you have to report ALL your income on the same tax return.

How old are you? You didn't actually pay the tax or the 10% penalty (you pay a 10% early withdrawal penalty if you are under 59 ½). You had taxes withheld like from your paycheck. You still have to enter the whole gross amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket and can reduce any credits) and then the withholding is subtracted from the total tax to figure your refund or tax due. The Gross amount shows up on 1040 line 4a or 5a and the taxable amount on 4b/5b. The withholding will show up on 1040 line 25b.