Taxes were withheld from my 1099-R early Distribution on my Annuity. My question is, the taxes that were paid and reported on the 1099-R deductible?
I withdrew 43k from my annuity and around $8,500 withheld in federal tax. I received back $34,500 which increased my AGI by 43k. Except i don't see anywhere during the process that i get a deductible for the 8500 i paid in taxes.
01201
1 Replies
CatinaT1
Expert Alumni
Feb 12, 2020 9:39:08 AM
This would show under Federal Income Taxes Paid. It is not a deduction.