Does turbo tax reflect the 20% i have deducted from my RMD

[ggray2704]

I have 20% deducted from my RMD by my financial institution for federal taxes.  Does Turbo Tax reflect the 20% taxes taken ???

[DoninGA]

The federal income taxes withheld from the distribution reported on a Form 1099-R in box 4 are entered on your federal tax return, Form 1040, as a tax payment (just like from a W-2).  The distribution is entered on your federal tax return as ordinary income and taxed at your current tax rate.

To enter a form 1099-R -

• Click on Federal Taxes (Personal using Home and Business)
• Click on Wages and Income (Personal Income using Home and Business)
• Click on I'll choose what I work on (if shown)
• Scroll down to Retirement Plans and Social Security
• On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen.  Click on Jump to 1099-R