https://ttlc.intuit.com/community/taxes/discussion/ira/01/3442550#M1277203 <P>I paid $54000.00 in taxes in 2023 on my 401k withdrawal, I ended up with 120,000 left, I put 60,000 of it in an ira , I took 43000.00 out for home improvement, do I still owe taxes for 2024, even after I paid taxes in 2023 on that money?</P> Wed, 29 Jan 2025 17:34:17 GMT K210 2025-01-29T17:34:17Z https://ttlc.intuit.com/community/taxes/discussion/ira/01/3442550#M1277203 <P>I paid $54000.00 in taxes in 2023 on my 401k withdrawal, I ended up with 120,000 left, I put 60,000 of it in an ira , I took 43000.00 out for home improvement, do I still owe taxes for 2024, even after I paid taxes in 2023 on that money?</P> Wed, 29 Jan 2025 17:34:17 GMT https://ttlc.intuit.com/community/taxes/discussion/ira/01/3442550#M1277203 K210 2025-01-29T17:34:17Z https://ttlc.intuit.com/community/taxes/discussion/re-ira/01/3442555#M1277204 <P>If you received a 1099-R for the withdrawal last year and put it on your tax return and did not receive a 1099-R for this year then you have already handled it.</P> <P>&nbsp;</P> <P><SPAN style="background: var(--ck-color-mention-background); color: var(--ck-color-mention-text);"><a href="https://ttlc.intuit.com/community/user/viewprofilepage/user-id/849387">@K210</a></SPAN>&nbsp;</P> Wed, 29 Jan 2025 17:36:16 GMT https://ttlc.intuit.com/community/taxes/discussion/re-ira/01/3442555#M1277204 RobertB4444 2025-01-29T17:36:16Z