Had fed and state taxes taken out of funds i withdrew from my 403b and retirement pension. How do i make sure these taxes are accounted for by Turbo Tax?

[marjac74]

The funds i withdrew certainly  count as income, but i don't see on turbo tax where the taxes taken out will help reduce my tax burden. Can you tell me how these taxes will figure into my return?

[Opus 17 · Accepted solution]

If you asked the plan trustee to withhold taxes for you, that should be recorded on the 1099-R form in box 4 (federal) and box 12 (state).  Turbotax will automatically include those withholding amounts in its calculations when you enter the 1099-R.

If the withheld taxes are not recorded on the 1099-R, you need to get a corrected 1099-R from the plan trustee.