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nkrill
Level 1
posted
‎February 3, 2021 12:23 PM
last updated ‎February 03, 2021 12:23 PM

1099-R witholding

 
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JoannaB2
Expert Alumni
Expert Alumni
‎February 3, 2021 12:53 PM

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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JoannaB2
Expert Alumni
Expert Alumni
‎February 3, 2021 12:53 PM

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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