You'll need to sign in or create an account to connect with an expert.
You can’t do it with the online version. In the desktop version you can go to forms mode and enter your data.
Hello!
Thanks so much for your quick reply! I do have the desktop version and have entered the amount based on what I have received for the 12 months - I am confident that I have the good estimate! I think I just need to enter the withholding about in the box: 4? Would that be correct?
I was told earlier to enter a code in box 7, so I entered 7 for Normal Distribution. Just a quick question about box 2b as there are two boxes:
"Taxable amount not determined" AND
"Total distribution"
Not sure what that is but was advised to check - do I check one or both? This is for my 403b monthly withdrawals for the last year. Many thanks and happy holidays!
Yes enter the federal withholding into box 4. Did you have a 1099R for 2023 from the 403b? You can copy the info in that one changing the amounts of course. You can leave both those boxes unchecked.
Hi there again VolvoGirl,
Thanks again for your replay..appreciate your efforts just before X-mas! I did have to use my 403B last year but unfortunately have been using AARP to do my returns and didn't learn anything until now. So I will enter the values that I can see from my statements to arrive at the gross distribution on line 1 and the Federal income tax on box 4. I now see the "! FORM 1099-R (with Company Name)" on the left pane. Glad to have you help me enter the values so I can get a better handle on how much emergency funds I can take out this year. I didn't know I can do that. I am assuming if my estimate are close, I should be able to take out enough to cover this coming year's added expense so this really helps! I didn't know the difference between the desktop, online, app products. Was challenging since I did't know I can look "under the hood" to get to a form. Assuming I understand everything to date, I should be able to make estimates to figure out withdrawls to keep me in the 10-12% tax brackets? And finally, Should I assume NEXT year's 2025 Standard Deduction rules will be similar or are there expiring tax laws in the following years? Enjoy the holiday with Family and Friends!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
raywk2024
New Member
JB_tax_man
Returning Member
81rxv1te
Returning Member
81rxv1te
Returning Member
paulfrost
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.