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Assuming the taxes you paid are income taxes withheld from the proceeds, you will get a 1099-R tax from from the payer around the end of January and it will show both the gross proceeds and the amount of taxes withheld. When you enter this into Turbotax, it will figure the tax on that income and will give you credit for the money already withheld.
Assuming the taxes you paid are income taxes withheld from the proceeds, you will get a 1099-R tax from from the payer around the end of January and it will show both the gross proceeds and the amount of taxes withheld. When you enter this into Turbotax, it will figure the tax on that income and will give you credit for the money already withheld.
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