How much will be taken out of my taxes for a 1099R form if I paid taxes on it at the time of withdrawal?

Forum|Forum|7 years ago
June 3, 2019
1 reply
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I did a withdrawal last year, paid taxes on it at the time of the withdrawal and today received my 1099-R form. I already submitted my taxes for my refund. Is this something I need to add since I paid taxes on it already at time of withdrawal?

TurboTax Deluxe Android

Best answer by xmasbaby0

You must enter your 1099R on your tax return. It will contain information showing the tax withheld already. But you are adding that income to other income, so you could still owe some tax. TT will do the calculations.

Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R

xmasbaby0

Answer

Level 15

Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

xmasbaby0

Level 15

You cannot make changes while the return is pending. If you messed around with your return and changed anything, change it back to exactly the way it looked when you e-filed it.