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Taxes withheld on your RMD are reported on box 4 (for Federal tax) and box 14 (for state tax).
When entering your form 1099-R in TurboTax, you can enter the amount of tax withheld in the appropriate boxes of the entry form.
Where do I find the "appropriate boxes" so I can enter the taxes withheld when I took a RMD?
Are you asking about the screen in the program? The answer is still Box 4.
I know what the taxes withheld were because I can see the amount on my 1099 Form. Box 4. I need to know where these numbers are on my Turbotax form that I am attempting to fill in. Should these amounts appear on Line 26b and 26c of my tax return?
@bluenose41 wrote:
I know what the taxes withheld were because I can see the amount on my 1099 Form. Box 4. I need to know where these numbers are on my Turbotax form that I am attempting to fill in. Should these amounts appear on Line 26b and 26c of my tax return?
Federal income taxes withheld from the Form 1099-R will be included on the Form 1040 Line 25b
I have the same problem !! I have turbotax premier. I entered the RMD withholding for Federal, but for State - I could not find the location (turbotax did not ask) to enter the "State Tax Withheld" (line14).
Enter your 1099-R as issued in your Federal return. If you had State Tax withheld on your distribution, the amount would be in Box 14. This will flow into your State return.
Many people don't have any State Tax withheld on a Retirement Distribution, if they know their state does not tax such distributions.
When you are in your State interview, you may see that the amount was automatically excluded from State Income, or you may need to indicate in the Adjustments area that it is non-taxable.
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