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You aren't being doubly taxed on the same money. That actual amount of tax due as a result of your distribution is not known until you prepare your tax return. The taxes withheld from the distribution, reported in box 4 of your Form 1099-R, are combined with any other tax withholding from other sources and credited toward the overall tax liability calculated on your tax return.
You aren't being doubly taxed on the same money. That actual amount of tax due as a result of your distribution is not known until you prepare your tax return. The taxes withheld from the distribution, reported in box 4 of your Form 1099-R, are combined with any other tax withholding from other sources and credited toward the overall tax liability calculated on your tax return.
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