topic I received a 1099R for a gross distribution of 251.70 from a settlement fund. Federal tax was withheld of 50.34. Why would I be taxed again? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-received-a-1099r-for-a-gross-distribution-of-251-70-from-a-settlement-fund-federal-tax-was/01/170845#M14022 Sat, 01 Jun 2019 15:17:26 GMT cruising2017a 2019-06-01T15:17:26Z I received a 1099R for a gross distribution of 251.70 from a settlement fund. Federal tax was withheld of 50.34. Why would I be taxed again? https://ttlc.intuit.com/community/retirement/discussion/i-received-a-1099r-for-a-gross-distribution-of-251-70-from-a-settlement-fund-federal-tax-was/01/170845#M14022 Sat, 01 Jun 2019 15:17:26 GMT https://ttlc.intuit.com/community/retirement/discussion/i-received-a-1099r-for-a-gross-distribution-of-251-70-from-a-settlement-fund-federal-tax-was/01/170845#M14022 cruising2017a 2019-06-01T15:17:26Z The withholding from the distribution is just an estimate... https://ttlc.intuit.com/community/retirement/discussion/the-withholding-from-the-distribution-is-just-an-estimate/01/170847#M14024 <P>The withholding from the distribution is just an estimate of taxes due, just like on a paycheck.&nbsp; Your annual tax filing reconciles the amount you actually owe with the amount withheld.</P> Sat, 01 Jun 2019 15:17:27 GMT https://ttlc.intuit.com/community/retirement/discussion/the-withholding-from-the-distribution-is-just-an-estimate/01/170847#M14024 Zbucklyo 2019-06-01T15:17:27Z