You'll need to sign in or create an account to connect with an expert.
Having taxes withheld does not change that taxable amount of the gross distribution shown in box 1 of the Form 1099-R, since federal taxes must be paid with money that has already been taxed. The tax withholding is simply a pre-payment toward the tax liability eventually shown on your tax return. You get credit for this prepayment on Form 1040 line 64 or Form 1040A line 40.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Phillip6000
Level 1
KaitlinSimone93
New Member
Fuzzy Red Baron
Returning Member
Cfdtl97
New Member
iamramiro
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.