topic Re: I inherited an IRA of 9238 from my grandmother. The finance company withheld $1365 in federal tax, $369 in state tax. Turbo tax doesn't show me being fully refunded in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/re-i-inherited-an-ira-of-9238-from-my-grandmother-the-finance-company-withheld-1365-in-federal-tax/01/2043150#M137502 <P>Understand that, even though it was inherited, it may still be subject to Income tax.&nbsp; (This is different from Inheritance&nbsp; tax or Estate tax).</P> Sun, 07 Mar 2021 23:11:30 GMT SweetieJean 2021-03-07T23:11:30Z I inherited an IRA of 9238 from my grandmother. The finance company withheld $1365 in federal tax, $369 in state tax. Turbo tax doesn't show me being fully refunded https://ttlc.intuit.com/community/retirement/discussion/i-inherited-an-ira-of-9238-from-my-grandmother-the-finance-company-withheld-1365-in-federal-tax-369/01/2042145#M137385 Federal refund didn't reflect a full refund of $1365 &amp; 369&nbsp;&nbsp;being refunded to me. Sun, 07 Mar 2021 20:16:34 GMT https://ttlc.intuit.com/community/retirement/discussion/i-inherited-an-ira-of-9238-from-my-grandmother-the-finance-company-withheld-1365-in-federal-tax-369/01/2042145#M137385 abbyebutler 2021-03-07T20:16:34Z Re: I inherited an IRA of 9238 from my grandmother. The finance company withheld $1365 in federal tax, $369 in state tax. Turbo tax doesn't show me being fully refunded https://ttlc.intuit.com/community/retirement/discussion/re-i-inherited-an-ira-of-9238-from-my-grandmother-the-finance-company-withheld-1365-in-federal-tax/01/2042768#M137457 <P>You only get refunded that portion of your total tax withholding that exceeds your total tax liability.&nbsp; Tax withholding does not apply to any particular item of income.</P> Sun, 07 Mar 2021 22:10:16 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-inherited-an-ira-of-9238-from-my-grandmother-the-finance-company-withheld-1365-in-federal-tax/01/2042768#M137457 dmertz 2021-03-07T22:10:16Z Re: I inherited an IRA of 9238 from my grandmother. The finance company withheld $1365 in federal tax, $369 in state tax. Turbo tax doesn't show me being fully refunded https://ttlc.intuit.com/community/retirement/discussion/re-i-inherited-an-ira-of-9238-from-my-grandmother-the-finance-company-withheld-1365-in-federal-tax/01/2043150#M137502 <P>Understand that, even though it was inherited, it may still be subject to Income tax.&nbsp; (This is different from Inheritance&nbsp; tax or Estate tax).</P> Sun, 07 Mar 2021 23:11:30 GMT https://ttlc.intuit.com/community/retirement/discussion/re-i-inherited-an-ira-of-9238-from-my-grandmother-the-finance-company-withheld-1365-in-federal-tax/01/2043150#M137502 SweetieJean 2021-03-07T23:11:30Z