Where do I enter the tax paid on Rmd

[ckader]

Where do I enter the tax paid on my rmd

[VolvoGirl]

When you enter the 1099R it goes in box 4.  Go back and check your 1099R entries.  

You didn’t actually pay the tax or the 10% penalty (you pay a 10% early withdrawal penalty if you are under 59 ½). You had taxes withheld like from your paycheck. You still have to enter the whole gross amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due. The Gross amount shows up on 1040 line 4a or 5a and the taxable amount on 4b/5b.  You will get credit for the withholding on 1040 line 25b.

[DawnC · Accepted solution]

Enter your 1099-R exactly how it shows.   Where do I enter a 1099-R?    Any tax withholding in Boxes 4, 14, or 17 will be applied to your tax return(s).   Make sure to answer the follow up questions.   TurboTax will enter generate any and all necessary forms to report the distribution and tax payments.  

[DoninGA]

You received a Form 1099-R for the distribution.  The federal taxes withheld on shown in box 4 of the 1099-R.  The federal taxes withheld flow to the federal tax return, Form 1040 Line 25b after you enter the Form 1099-R in the TurboTax program.

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

[jsmacklin]

how to edit the 1099 federal tax withheld?

[AmyC]

Follow these steps:

1. Open your return to the federal income section
2. Locate the 1099-R section
3. Edit/Update/ Review/ Revisit
4. Select the 1099-R that needs to be corrected
5. Go through until you locate the federal tax withheld box 4 and enter your corrected information