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Certainly you do, unless you rolled the money over to another retirement account. Since this distribution was eligible for rollover, there should have been 20% withheld for taxes, but that's usually insufficient to cover the entire tax liability resulting from the distribution. Enter the Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then answer the follow-up questions as to what you did with the distribution. Assuming that you did not roll this distribution over, TurboTax will include this distribution in your taxable income and apply any tax withholding shown in box 4 of the Form 1099-R as a credit against your overall tax liability.
Certainly you do, unless you rolled the money over to another retirement account. Since this distribution was eligible for rollover, there should have been 20% withheld for taxes, but that's usually insufficient to cover the entire tax liability resulting from the distribution. Enter the Form 1099-R under Wages & Income -> Retirement Plans and Social Security -> IRA, 401(k), Pension Plan Withdrawals (1099-R), then answer the follow-up questions as to what you did with the distribution. Assuming that you did not roll this distribution over, TurboTax will include this distribution in your taxable income and apply any tax withholding shown in box 4 of the Form 1099-R as a credit against your overall tax liability.
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