topic I received a 1099-r because i withdrawal all the money i had 401K. After submitting my info in my return is telling i need to pay $83 dollars more of taxes. Will this be reduced from my income tax ret in Retirement tax questions

I received a 1099-r because i withdrawal all the money i had 401K. After submitting my info in my return is telling i need to pay $83 dollars more of taxes. Will this be reduced from my income tax ret

jorgee-santana — Tue, 04 Feb 2020 03:53:12 GMT

Re: I received a 1099-r because i withdrawal all the money i had 401K. After submitting my info i...

MinhT1 — Tue, 04 Feb 2020 04:07:51 GMT

Yes, the extra tax that TurboTax is announcing will be included in your tax return and will reduce your refund.

Re: I received a 1099-r because i withdrawal all the money i had 401K. After submitting my info in my return is telling i need to pay $83 dollars more of taxes. Will this be reduced from my income tax ret

macuser_22 — Tue, 04 Feb 2020 04:10:18 GMT

Your question was cut off - you can add more information.

401(k) distributions are usually all taxable. Any amount withheld in box 4 is an estimate of tax owed. The actual tax depends on your total income and tax bracket which might result is additional tax owed.