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Level 2
posted Mar 15, 2021 10:11:31 AM

RMD

I took money from my IRA early in 2020. I had $ 1000 taken out for federal taxes. Where do I enter the $1000 sent for our income taxes in 2020?

0 2 398
2 Replies
Level 15
Mar 15, 2021 10:13:20 AM

Just enter the 1099-R.   The box 4 tax withheld will be applied automatically.

 

Enter a 1099-R here:

Federal Taxes,
Wages & Income
(I'll choose what I work on - if that screen comes up)
Retirement Plans & Social Security,
IRA, 401(k), Pension Plan Withdrawals (1099-R).

OR  Use the "Tools" menu (if online version left side) and then "Search Topics" for "1099-R" which will take you to the same place.

Be sure to choose which spouse the 1099-R is for if this is a joint tax return.
Be sure to pick the correct 1099-R type: Standard 1099-R, CSA-1099-R, CSF-1099-R, RRB-1099-R.

[NOTE: When you get to the "Your 1099-R Entries" screen where you can add another 1099-R, use "continue" to keep going as there are additional interview questions after that screen in most cases. You can always return as shown above.]

Level 2
Mar 18, 2021 2:24:25 PM

Thank you for your help & advice.