topic Re: 1099r withholding in Retirement tax questions

1099r withholding

Taxprof — Wed, 16 Oct 2019 14:10:32 GMT

So is the withholdings on the 1099r also good for state? I'm asking cause it says federal withholding on line 4.

Re: 1099r withholding

xmasbaby0 — Wed, 16 Oct 2019 14:39:38 GMT

No, box 4 for federal tax withheld is not "good for the state." If any tax was withheld for the state it would be shown in boxes 12 -14 on the 1099R.

But information flows from the federal return to your state return. The money you took out of your retirement account will go to the state return form. We do not know what state you are in, so we cannot know if your state taxes retirement income.

Re: 1099r withholding

Taxprof — Wed, 16 Oct 2019 14:42:51 GMT

I'm in GA

Re: 1099r withholding

xmasbaby0 — Wed, 16 Oct 2019 14:46:48 GMT

https://www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/index.php?map=&state_id=11&state=Georgia