1099-R witholding

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1099-R witholding

Yes, The retirement distribution is reported on Form 1099-R. You may want to withhold taxes on your retirement distribution to avoid additional tax assessment. A penalty may be assessed if retirement was distributed before you reached 59 1/2.

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1099-R witholding

Yes, The retirement distribution is reported on Form 1099-R. You may want to withhold taxes on your retirement distribution to avoid additional tax assessment. A penalty may be assessed if retirement was distributed before you reached 59 1/2.

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