turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

TurboTax seems to ignore this on my 1099-R... 4 Federal income tax withheld $11,457.00 Has anyone else seen this? Is anyone else experiencing this?

This results in a massively larger Federal Tax Due than expected!  Competing sites don't show the same thing.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

TurboTax seems to ignore this on my 1099-R... 4 Federal income tax withheld $11,457.00 Has anyone else seen this? Is anyone else experiencing this?

The federal taxes withheld on box 4 of the Form 1099-R are automatically entered on the federal tax return Form 1040 Line 25b when you enter the Form 1099-R in the Retirement Plans and Social Security section of the program.  If you do not see the amounts entered on the Form 1040 then delete the 1099-R and re-enter manually.  

 

Click on Tax Tools on the left side of the online program screen. Click on Tools. Click on View Tax Summary. Click on Preview my 1040 on the left side of the screen.

 

 

TurboTax seems to ignore this on my 1099-R... 4 Federal income tax withheld $11,457.00 Has anyone else seen this? Is anyone else experiencing this?

"massively larger" ?  Like how much is "massive".

 

....a major slip-up in the entry in box 1 or 2a could give that result,

...like double-hitting a number key, or inserting a comma in place of a decimal, thus reporting a larger distribution than was actually done.

 

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

TurboTax seems to ignore this on my 1099-R... 4 Federal income tax withheld $11,457.00 Has anyone else seen this? Is anyone else experiencing this?

Thanks, that fixed it!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question