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New Member
posted Feb 23, 2025 7:05:24 AM

my tax was taken out and is on my 1099=R and is in box 4

state street retiree sevices for Ford MOTOr company retirement plan

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1 Replies
Level 15
Feb 23, 2025 7:07:39 AM

What is your question?

 

 

I PAID TAX ON THE RETIREMENT MONEY ALREADY

You had tax withheld from the distributions from the retirement account, just like when an employer withheld tax from your paychecks.  When you enter it all into the software, the calculations are done to reconcile the amount of income you received and the amount of tax that was withheld.  You might owe more or you might get a refund.