I have 2 1099-R forms. I have already had taxes taken out of each of them. Do I need to add these to my tax forms, since I've already the taxes taken out?

[ld_morris]

I've already been taxed on my 401K pay out, do I need to add these to my taxes? will I be taxed again on these?

[jerry2000 · Accepted solution]

You must enter all 1099-Rs that you have. No exceptions.
The amount withheld from your distribution was only an estimate, just like withholding from your paycheck. The exact amount of tax is not known until you prepare your tax return, because it depends on how much other income you have. The distribution is added to your other income  and taxed at whatever your marginal rate is, and the early withdrawal penalty is added, if appropriate. The total amount of added tax may be more or less than what was withheld. You get full credit for the tax that was withheld at the time of withdrawal. You aren't being taxed again, just once accurately.