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On the 1099 form I was already charged 1432.61 in federal taxes

 
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5 Replies
AmyC
Expert Alumni

On the 1099 form I was already charged 1432.61 in federal taxes

Yes, when you take money out of a retirement account, they normally take out 20% tax.  Then, when you do your tax return, the income is added in with the rest to be taxed at the correct rate. The tax goes in with the other tax paid to be credited against your actual tax liability. 

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On the 1099 form I was already charged 1432.61 in federal taxes

Did you deduct the federal taxes withheld on my 1099 form 

On the 1099 form I was already charged 1432.61 in federal taxes

We need to go back through my taxes even adding in the amount from my 1099 it doesn’t add up to over $80,000

On the 1099 form I was already charged 1432.61 in federal taxes

You already told me that. Now I’m talking about my gross income 

BillM223
Expert Alumni

On the 1099 form I was already charged 1432.61 in federal taxes

Are you saying that you don't know how your gross income was arrived at? 

Or are you asking about the taxes withheld on the 1099-R?

 

If you are asking now about "We need to go back through my taxes even adding in the amount from my 1099 it doesn’t add up to over $80,000", remember that we in the Community cannot see your tax return. If you pay for TurboTax Live, then you will be able to call an agent who can see your return.

 

There are many many things that go into gross income, far too many to list here.

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